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A risk-averse manager is considering a project that will cost $100. There is a 10 percent chance the project will generate revenues of $100, an
- A risk-averse manager is considering a project that will cost $100. There is a 10 percent chance the project will generate revenues of $100, an 80 percent chance it will yield revenues of $50, and a 10 percent chance it will yield revenues of $1000. Should the manager adopt the project? Explain.
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The Business of Tourism Management
Authors: John Beech, Simon Chadwick
1st edition
273688013, 273688014, 9781405871631 , 978-0273688013
