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3.3 An analyst has developed estimates, displayed in Table EX 3.3 , as to the probability of demand trends at each of the locations under

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3.3 An analyst has developed estimates, displayed in Table EX 3.3 , as to the probability of demand trends at each of the locations under consideration in Exercise 3.2. Table EX 3.3 Using the data from Exercise 3.2 and the probabilities in Table EX 3.3, which location would be selected under the expected value model

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