In our everyday life, we often have to make decisions with uncertain consequences. Assume that you are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the following table. Project A B Boom (50%) Recession (50%) $20 -$10 -$10 $20 $30 -$30 $50 $50 C D Which project has the lowest expected value? OA OB OC D