There are three equally likely states of nature high medium, Management Theories

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There are three equally likely states of nature high medium

Question: 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? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Management Theories: There are three equally likely states of nature high medium

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