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Blue Apron has decided to introduce a new meal option. The company estimates that there is a 40 percent probability that the meal option will
Blue Apron has decided to introduce a new meal option. The company estimates that there is a 40 percent probability that the meal option will contribute $700,000 to profits, a 40 percent probability that it will contribute $200,000, and a 20 percent probability that the contribution will be a negative $400,000.
1)What's the expected contribution of the new meal option?
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