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Business, 06.05.2020 01:39 mrgandollins5222

A company which manufactures and sells T-shirts for sporting events, is providing shirts for an upcoming tournament. Each shirt will cost $6to produce and will be sold for $12.Any unsold shirts at the end of the tournament can be sold for $4apiece in the near future. The company assumes the demand for the shirts will be 500,1 comma 000,1 comma 500,or 2 comma 000.The company also estimates that the probabilities of each of these sales levels occurring will be 15%,20%,30%,and 35%,respectively. Determine the expected monetary value of the project if the company chooses to print 1 comma 000shirts for the tournament.

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