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. Kohls Candy Company developed a new consumer product that is expected to earn $4,000 in profit each year if the consumer demand is low,
. Kohls Candy Company developed a new consumer product that is expected to earn $4,000 in profit each year if the consumer demand is low, $20,000 per year if consumer demand is moderate, and $36,000 per year if consumer demand is high. The probability low, moderate and high demand is 25%, 45%, and 30%, respectively. Determine the EMV for the new product. (20 point)
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