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The next 15 questions refer to the following scenario: A car manufacturer can launch either a new luxury sedan (L) or a new high-performance sports car (5). 0 The car company expects that there is a p=0.7 chance that the luxury sedan will be a hit, and a (1-p}=0.3 chance that it will be a flop. 0 The car company expects that there is a q=0.6 chance that the high-performance sports car will be a hit, and a (1-0) = 0.4 chance that it will be a flop. 0 If the luxury sedan will be a hit, the company earns $3 Million; if it is a flop, it still earns $2 Million. 0 If the high-performance sports car will be a hit, the company earns $6 Million; if it is a flop, it loses $2 Million. Question 1 (1 point) How big is the expected payoff from launching the luxury sedan? O 2,600,000 O 2,700,000 O 2,800,000 O 2,900,000 Question 2 (1 point) How big is the expected payoff from launching the high-performance sports car? O 2,600,000 O 2700.000 0 2,800,000 O 2,900,000