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A company is considering investing in a new project that has a 40% chance of generating a profit of $200,000 and a 60% chance of

A company is considering investing in a new project that has a 40% chance of generating a profit of $200,000 and a 60% chance of generating a loss of $50,000. What is the expected value of the profit or loss for the company, and what is the standard deviation of the distribution of possible profits and losses?

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