1 point A business evaluates a proposed venture as follows. It stands to make a profit of $25,000
with probability 1/3, to make a profit of $8000 with probability 1/4, to break even with
probability 1/6, and to lose $9000 with probability 1/4. The expected profit in dollars is
$6,000
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2.
$14,000
$12,583
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$8,083
$ 10,500
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