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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 $700,000 if found guilty, or lose nothing if found not guilty. lawyers estimate the probability of a not-guilty verdict to be .8 How would I find the expected value of the amount the company can lose by taking the case to court?
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OpenStudy (anonymous):
would it be a loss of 140,000?
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