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Question: a candy company developed a new consumer product that is...

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A candy company developed a new consumer product that is expected to earn ​$7 in profit each year if consumer demand is​ low, ​$17 per year if consumer demand is​ moderate, and

​$36 per year if consumer demand is high. The probability of​ low, moderate, and high demand is 35%, 45​%, and 20​%, respectively. Determine the expected monetary value​ (EMV) for the new product.

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