Clarification of the term probabilities

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Reference no: EM13103777

A new product has the following profit projections, associated probabilities, and indifference probability:

Profit Probability Indifference Probability

$150,000 .10 --

$100,000 .25 .95

$50,000 .20 .70

0 .15 .50

-50,000 .20 .25

Reference no: EM13103777

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