Ventura Ltd is considering launching a new product. It will do so if the expected value of
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Ventura Ltd is considering launching a new product. It will do so if the expected value of the total revenue is in excess of $\$ 1,000$. It is decided to set the selling price at $\$ 10$. After some investigation a number of probabilities for different levels of sales revenue are predicted; these are shown in the following table:
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