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Mathematics, 20.06.2020 04:57 anggar20

Mme. Giselle's boutique in Cleveland, Ohio is planning to sell a Parisian frock. If the public view it as being the latest style, the frocks will be worth $10 comma 000. However, if the frocks are viewed as passe, they will be worth only $2 comma 000. If the probability that they are stylish is 10%, what is the expected value of the frocks? The expected value of the frocks (EV) is EVequals$ nothing. (Enter your response rounded to two decimal places.)

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Mme. Giselle's boutique in Cleveland, Ohio is planning to sell a Parisian frock. If the public view...

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