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D Question 3 1 pts Jay, a writer of novels, just has completed a new thriller novel. A movie company and a TV network both

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D Question 3 1 pts "Jay, a writer of novels, just has completed a new thriller novel. A movie company and a TV network both want exclusive rights to market his new title. If he signs with the network, he will receive a single lump sum of $1,480,000, but if he signs with the movie company, the amount he will receive depends on how successful the movie is at the box office. The probability of a small box office earning $224,000 is 0.29. The probability of a medium box office of $1,530,000 is 0.52, and the probability of a large box office of $3,090,000 is 0.19. Assume that Jay wants to maximize his expected monetary value. Enter the expected monetary value (EMV) of the preferred option."

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