Compute the expected monetary value

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To increase its production, a company considers three plans: large plant, medium plant, and small plant. Using the following information, compute the expected monetary value (EMV) and determine the best alternative. Large plant profit= $100,000 Large plant loss= $20,000. Medium plant profit= $70,000 Medium plant loss= $20,000 Small plant profit= $50,000 Small plant loss= $10,000 probability of profit=0.5 probability of loss=0.5

Reference no: EM132802166

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