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After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that site A will net $40 million
After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that site A will net $40 million if successful (probability .4) and lose $4 million if not (probability .6); site B will net $80 million if successful (probability .3) and lose $5 million if not (probability .7). Which site should the company choose according to the expected return from each site
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