Question: Premium machine Standard shaving machine Hand tool Fixed cost $5,000 $1,000 $100 Variable cost $1 $3 $5 Demand Low (Demand 1,000 Medium (Demand -5,000) High

Premium machine Standard shaving machine Hand tool Fixed cost $5,000 $1,000 $100 Variable cost $1 $3 $5 Demand Low (Demand 1,000 Medium (Demand -5,000) High (Demand-10,000) Probability 0.2 0.3 0.5 Question 38 (1 point) What is the expected value for the standard shaving machine? $4,000 $16,000 $21,100 $31,000 Question 39 (1 point) Based on expected value, which option is the best Premium machine Standard shaving machine Hand tool

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