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XYZ Sdn Bhd initiated a distribution center project that expect a probability of 0.4 that a project will make $3 million profit, a probability of 0.2 that it will make $2 million profit, or it will just break even.
(a) Refer to the above scenario, calculate the expected value.
(b) Explain 3 major risks that will faced by XYZ Sdn Bhd.(c) Assume you are the manager of XYZ Sdn Bhd., explain the concept of probability in relation to the distribution center project.
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