Question: Suppose that there are three options facing a manager. He may either build a large plant for a value of $20,000 in profit, a small
Suppose that there are three options facing a manager. He may either build a large plant for a value of $20,000 in profit, a small plant for $10,000 in profit or do nothing and make $3,000. What is the Equally Likely of the decision?
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