Compute the expected loss-profit from the line addition

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You’ve just decided to add a new line to your manufacturing plant. Compute the expected loss/profit from the line addition if you estimate the following: There is a 70% chance that profits will increase by $100,000. There is a 20% chance that profits will remain the same. There is a 10% chance that profits will decrease by $15,000.

Reference no: EM131159593

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