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4. A parfume company must decide whether to merge with a lingerie company to be more successful. If they merge and it is a good

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4. A parfume company must decide whether to merge with a lingerie company to be more successful. If they merge and it is a good sales year, there will be a $810,000 profit; if they merge and it is a poor sales year, there will be a deficit of $ 230,000. If they do not merge and it is a good sales year there will be a $420,000 profit; if they do not merge and it is a poor sales year there will be a $54,000 profit. If the probability of a good sales year is 0.35 and the probability of a poor sales year is 0.65, what is the expected profit

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