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A container ship from the company EverBlue got stuck in the Suez Canal. They now...

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Accounting

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A container ship from the company EverBlue got stuck in the Suez Canal. They now need to make a decision of whether to re-route through Cape Town or not. The payoff table that is relevant to this decision-making process is as follows. (All payoff values are in dollars.) The probability of the ship getting freed after one week is 0.4, and the probability of the ship getting freed after two weeks is 0.6. What is the optimal expected monetary value that the company can expect? 9000 11200 8400 8000

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