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A coffee franchise is opening a new store. The company estimates that there is an 80% chance the store will have a prot of $50,000,
A coffee franchise is opening a new store. The company estimates that there is an 80% chance the store will have a prot of $50,000, a 5% chance the store will break even. and a 15% chance the store will lose $4,000. Determine the expected gain or loss for this store. f ..... '\\ The expected value is $:|. (Round to the nearest cent as needed.)
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