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What is the expected value of the amount

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Reference no: EM131662580

In a product liability? case, a company can settle out of court for a loss of? $350,000, or go to? trial, losing ?$1,400,000 if found guilty and nothing if found not guilty. Lawyers for the company estimate the probability of a? not-guilty verdict to be 0.8.

a. What is the expected value of the amount the company can lose by taking the case to? court?

Reference no: EM131662580

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