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After a successful year for your beach shop, you are wondering whether to open one more store this year. There are equal chances for the
After a successful year for your beach shop, you are wondering whether to open one more store this year. There are equal chances for the coming summer to be rainy or sunny. If the weather is sunny, you will earn $90,000 in profits per store. However, if the weather is rainy, your profit will be $60,000 if you open one store and zero if you open two stores. What is your expected profit under complete information? OA $75,000 OB. $180,000 O C. $150,000 OD. $120,000
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