Question: (1 point) Jane Smith is a project office analyst at Jonathon's Restaurant's and has just heard an alarming industry rumor. Jonathon's has been developing an

(1 point) Jane Smith is a project office analyst

(1 point) Jane Smith is a project office analyst at Jonathon's Restaurant's and has just heard an alarming industry rumor. Jonathon's has been developing an innovative new food preparation process and is only 127 days away from its big market introduction. However, Jane has learned that a major competitor has been quietly working on a similar food preparation process and may actually enter the market first. Every day the competitor beats Jonathon's to market costs the company a market share loss of 0.16 percent per day. The table below presents likely competitor entry times and Jane's estimates of their associated likelihood. Please help Jane calculate the following: Expected monopoly days lost (given a monopoly): (enter answer to 2 decimal places) Competitor's expected market entry time: (enter answer to 2 decimal places) Probability competitor enters market first: (enter answer to 4 decimal places)

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