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There are three equally likely states of nature (High, Medium, and Low demand). If the large factory will post profits of $4,401, $2,925, and -
There are three equally likely states of nature (High, Medium, and Low demand). If the large factory will post profits of $4,401, $2,925, and - $1,608 ( a loss ) under these states of nature, respectively, what is the EMV of the factory?
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