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OpenStudy (anonymous):
In a property liability case, a company can settle out of court for a loss of $350,000, or go to trial, losing $700,00 if found guilty and nothing if found not guilty. Lawyers for the company estimate the probability of a not-guilty verdict to be 8. a. find the expected value of the amount of the company can lose by taking the case to court. B. should the company settle for court
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OpenStudy (anonymous):
7?
OpenStudy (anonymous):
700,000
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