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Question 6 (Expected Values) Mr. F has to choose between mutually exclusive options A and B, and the probable outcomes of each option are as

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Question 6 (Expected Values) Mr. F has to choose between mutually exclusive options A and B, and the probable outcomes of each option are as follows: Option A Profit/(Loss) Probability 0.8 5000 0.2 6000 Option B Profit/(Loss) Probability 0.1 0.2 0.6 0.1 (2000) 5000 7000 8000 Required: Based on expected values, which option is the best

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