Give/Provide:

A) Formula

B) Chart

C) Well-Written Reasoning

D) Final Answer

70. Decision analysis. A company sales manager, after careful analysis, presents two sales plans. It is estimated that plan A will net $10 million if successful (probability .8) and lose $2 million if not (probability.2); plan B will net $12 million if successful (probability-7) and lose $2 million if not (prob- ability .3). What is the expected return for each plan? Which plan should be chosen based on the expected return