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You are an acquisitions editor for a publisher that specializes in popular science books. You are offered a manuscript for a new book, How to
You are an acquisitions editor for a publisher that specializes in popular science books. You are offered a manuscript for a new book, How to Make Perfect Decisions Every Time. If you decide to proceed with the project you must invest $100,000 in the author's advance payment, no matter what sales the book attains. You believe there are 3 levels of potential total sales: HIGH, MEDIUM, or LOW; with probabilities of .50, .30, and .20 respectively. The \"contribution\
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