content area top Part 1 In a product liability case, a company can settle out of court for a loss of $350,000, or go to trial, losing $700 comma 000 if found guilty and nothing if found not guilty. Lawyers for the company estimate the probability of a not-guilty verdict to be 0.8. Complete parts (a) through (b) below. Question content area bottom Part 1 a. What is the expected value of the amount the company can lose by taking the case to court? $ 140,000 Part 2 b. Should the company settle out of court? A. The company should settle out of court, since the amount it expects to gain by going to trial is more than the cost of settling out of court. B. The company should allow the case to go to trial, since the amount it expects to lose by going to trial is less than the cost of settling out of court. C. The company should settle out of court, since the amount it expects to lose by going to trial is more than the cost of settling out of court. D. The company should allow the case to go to trial, since the amount it expects to gain by going to trial is more than the cost of settling out of court