Business, 26.03.2020 02:57, pdipti725

A company producing apps for a social networking site is deciding which path to pursue. The first is to create an app that has universal appeal but faces a crowded market. This app, A, would have sales of 100,000 copies at $1 each under ideal conditions, but under tough conditions would have sales of only 60,000 copies at $.80 each. The other app, B, would have sales of 500,000 units at $.50 each under ideal conditions but sales would be reduced to 10,000 units at $.50 each under tough conditions. If ideal condition is twice as likely as rough conditions occur, what is the expected monetary value (EMV) for App A and B respectively in thousands

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A company producing apps for a social networking site is deciding which path to pursue. The first is...