Question: Check My Work Consider a hypothesis that opening a new store will be profitable. There is a 30% chance this hypothesis is correct. The expected

Check My Work Consider a hypothesis that opening a new store will be profitable. There is a 30% chance this hypothesis is correct. The expected cost of opening a new store that will not be profitable is $500,000, and the expected cost of not opening a new store that would be profitable is $700,000

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