Bad OK Great

$749$

Probability $0\mathrm{.}30\mathrm{.}50\mathrm{.}2$

Net revenue $$ $$15,000$ $$15,000$ $$20,000$

Life, in years $5510$

$($a$)$ In Problem $10-54,$ how much is it worth to the firm to terminate

the product after $1$ year if the net revenues are negative?

$($b$)$ How much does the ability to terminate early change the P$($loss$)$

and the standard deviation?