Suppose there is a 30 percent chance that you will lose $10,000 and a 70 percent chance

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Suppose there is a 30 percent chance that you will lose $10,000 and a 70 percent chance that you will earn $100,000 on a particular project. What is the project’s estimated monetary value?

a. $30,000

b. $70,000

c. $67,000

d. $67,000

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