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StatisticsQ&A Librarythis a statistics question!!!! I am lookin for the monetary value!!!!For box a is $100,000 box b is -$55,000box c is 0 and box d is 0 p1 = 75%p2 = 25% questions are 1. what EMV ( expected monetary value) amount do you come up with ? And what is your EMV decision ? In other words, do you build, or not?Question

Asked Oct 29, 2019

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this a statistics question!!!! I am lookin for the monetary value!!!!

For box a is $100,000

box b is -$55,000

box c is 0

and box d is 0

p1 = 75%_{p2 = 25% }

questions are

1. what EMV ( expected monetary value) amount do you come up with ? And what is your EMV decision ? In other words, do you build, or not?

Step 1

**Solution:**

The expected value of a random variable *X* formula is

Step 2

**1.The EMV ( expected monetary value) is obtained below:**

From the given information, box a is $100,000, box b is –$55,0...

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