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Compute the expected loss-profit from addition

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Reference no: EM133065895

You have just decided to add a new line to your manufacturing plant. Compute the expected loss/profit from the addition if you estimate the following

There is a 50% chance that profit will increase by $100,000

There is a 30% chance that profit will remain the same

There is a 20% chance that profit will decrease by $15,000

Reference no: EM133065895

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