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Market analysts predict that a newly developed product in design 1 will bring in a profit of $ 500 000, whereas in design 2 it
Market analysts predict that a newly developed product in design 1 will bring in a profit of $ 500 000, whereas in design 2 it will bring in a profit of $ 200 000 with probability 0.4, and a profit of $ 800 000 with probability 0.6. What design should the producer prefer
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