Question: Subcontract a medium - cost approach using a good oulside design staf This approach would have a fixed cost of $ 6 5 , 0

Subcontract a medium-cost approach using a good oulside design staf This approach would have a fixed cost of $65,000 and variable-cost probabilities of 07 of $045,02 of $0.40, and 01 of $035 What is the best decision based on an expected monetary value (EMV) criterion? (Note. We want the lowest EMV as wa are dealing with costs in this problem.)
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 Subcontract a medium-cost approach using a good oulside design staf This

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