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In your project, probabilities are estimated and the alternatives are expected to be as follows: 25% probability for $ 36,000 profit 50% probability for $

In your project, probabilities are estimated and the alternatives are expected to be as follows:

25% probability for $ 36,000 profit 50% probability for $ 50,000 profit 25% probability for $ 120,000 profit

What is the expected profit in your project?

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