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Mathematics, 22.11.2020 17:40 Suzispangler2264

A manufacturer is considering building a new and better mousetrap. She estimates the probability that the new mousetrap will be successful is . If it is successful, it would be able to make $120,000. Of course, she would make nothing if it were unsuccessful. The development costs for the mousetrap are $98,000. What is the expected value?

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