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or the medium- and large-scale expansion projects. (a) Compute the expected value for the profit associated with the two expansion alternatives. Round your answers to
or the medium- and large-scale expansion projects. (a) Compute the expected value for the profit associated with the two expansion alternatives. Round your answers to whole numbers, if needed. Which decision is preferred for the objective of maximizing the expected profit? (b) Compute the variance for the profit associated with the two expansion alternatives. Round your answers to whole numbers, if needed. Which decision is preferred for the objective of minimizing the risk or uncertainty
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