Mathematics

Mathematics, 01.10.2021 21:00, mooncake9090

A manufacturer is discussing upgrading a model of one of their tvs. There is a 55% chance that it will produce a profit of $250,000, a 25% chance it will produce a profit of $150,000, and a 25% chance it will lose $200,000. Based on this information, should the company upgrade the tv? Provide the expected value.

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