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King, Inc., a successful Midwest firm, is considering opening a
branch office on the west coast. Und 1 answer below » King, Inc., a successful Midwest firm, is considering opening a
branch office on the west coast. Under normal economic conditions,
with a 45% probability of occurring, King can expect to earn a net
income of $70,000 per year. In a mini-recession, at 25%
probability, King will earn $20,000. In a severe recession, at a
20% probability, King will lose $15,000. There is also a slight
probability (10%) that King will lose $300,000 if the expansion
fails and the branch office must be closed. Should King open a
branch office in California based on these assumptions? Aug 05 2015 05:21 AM