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A company is considering designing a new and better remote control. The company estimates the probability that the new remote will be successful is .

A company is considering designing a new and better remote control. The company estimates the probability that the new remote will be successful is . If it is successful, it would be able to make $175,000. Of course, the company would make nothing if it were unsuccessful. The development costs for the remote control are $95,000. What is the expected value? $70,000 -$10,000 $10,000 $105,000

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