Joe has plans to open some pizz restaurants, but he is not sure how many...
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Joe has plans to open some pizz restaurants, but he is not sure how many to open. He has prepared a payoff table to help analyze the situation. Nick believes there is a 40 percent chance that the market will be good, a 35 percent chance that it will be fair, and a 25 percent chance that it will be poor. A market research firm will analyze market conditighns and will provide a perfect forecast (they provide a money back guarantee). What is the Expected Monetary Value (EMV) of "Open 2" alternative? 200,000 80,000 58,000 50000 None of the above
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