Question: Part 1 : Decision - making Questions: There are three equally likely states of nature ( High , Medium, and Low demand ) . If

Part 1: Decision-making Questions:
There are three equally likely states of nature (High, Medium, and Low demand). If the large factory will post profits of $50,000,$25,000, and -$10,000 under these states of nature, respectively, what is the EMV of the factory?
Part 1: Decision-making Questions: There are three equally likely states of

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