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Buchanan Corp. forecasts the following payoffs from a project: Outcome $ 2,000 $ 4,000 $ 6,000 Probability of Outcome 40% 60% 30% Assumptions pessimistic moderately

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Buchanan Corp. forecasts the following payoffs from a project: Outcome $ 2,000 $ 4,000 $ 6,000 Probability of Outcome 40% 60% 30% Assumptions pessimistic moderately successful optimistic What is the expected value of the outcomes? Multiple Choice $5,000 $4,000

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