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Decision analysis. After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that site A will net
Decision analysis. After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that site A will net $ million if successful probability and lose $ million if not probability ; site B will net $ million if successful probability and lose $ million if not probability Which site should the company choose according to the expected return from each site?
a What is the expected return for site $ million
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