Mathematics, 06.03.2020 22:59, PerfectMagZ

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A company is considering designing a new and better can opener. The company estimates the probability that the new can opener will be successful is 5/8 If it is successful, it would be able to make $200,000. Of course, the company would make nothing if it were unsuccessful. The development costs for the can opener are $76,000. What is the expected value?

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A company is considering designing a new and better can...