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johnja johnja
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2 years ago
Scott has decided to invest in constructing and operating a new sandwich shop and needs to decide how large to build this new facility. The annual profit, including the depreciated investment, will depend on the demand for his products. The following decision table shows the payoffs, in thousands of dollars, for various combinations of facility size and demand along with Scott's estimates for each demand level.



The expected value under certainty (EVUC), in thousands of dollars, is _________.

▸ $96.50

▸ $102.00

▸ $122.00

▸ $137.50
Textbook 
Business Statistics

Business Statistics


Edition: 2nd
Author:
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danielaremu1danielaremu1
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2 years ago
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