Question

which of the following did your solution include?
p = $240,000 - $196,000 = $44,000
the expected value is a weighted average of each possible value weighted by its probability.
ev = ($44,000)(0.75)+($ - 196,000)(0.25) = $ - 16,000
the expect average profit is $ - 16,000
the company should not make the product.
done

Explanation:

The solution calculates profit ($P$) as the difference between revenues, defines expected - value as a weighted average, computes the expected value ($EV$) of the product's profit, states the expected average profit, and makes a decision about whether the company should make the product based on the expected value.

Answer:

All of the above options (assuming the options are the listed statements about profit calculation, expected - value definition, expected - value computation, statement of average profit, and product - making decision) are likely to be part of a comprehensive solution for evaluating the viability of making a new product.