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Favorable or Unfavorable, the company must decide if it is worth having the product reviewed by professionals. If the product is successful the profit is

Favorable or Unfavorable, the company must decide if it is worth having the product reviewed by professionals. If the product is successful the profit is $750,000 if the product is a failure then a negative payoff of $250,000 results. Probability of Favorable =0.80. 625 62.50 562.50 500

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