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Quesiion Two. A firm supplies aircraft engines to the government and to private firms. It must decide betweentwo - mutually - exclusive contracts. If it

Quesiion Two.
A firm supplies aircraft engines to the government and to private firms. It must decide betweentwo-mutually-exclusive contracts. If it contracts with a private finm; Its profit would be $2 million, $0.7 million, or -$0.5 million with probabilities 0.25,0.41, and 0.34, respectively. If it contracts with the government, its profit will be $4 million or -$2.5 million with receptive probabilities 0.45 and 0.55. Which contract offers the greater expected profit?
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