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    How to calculate the expected payoff

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    Expected payoff corresponding to various levels of business expansion and economic conditions faced by Ramcast Cable Inc. is given in the table below. The probabilities of the events are also given. What is each expected monetary value (EV) of each alternative below, and the maximum expected monetary value (EV) in the payoff matrix given. Please see attachment.

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    The solution provides detailed explanation how to find the expected payoff.