There are three equally likely states of nature (High, Medium, and Low demand). If the large factory will post profits of $80,000, $65,000, and - $25,000 under these states of nature, respectively, what is the EMV of the factory?

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The Answer of There are three equally likely states of nature (High, Medium, and Low demand). If the large factory will post profits of $80,000, $65,000, and - $25,000 under these states of nature, respectively, what is the EMV of the factory?

There Are Three Equally Likely States of Nature (High, Medium