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Transoceanic Airlines is examining a resort motel chain to add to its operations. Before the acquisition, the normal expected outcomes for the firm were

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Transoceanic Airlines is examining a resort motel chain to add to its operations. Before the acquisition, the normal expected outcomes for the firm were as follows: Outcomes ($ millions) Probability Recession $20 0.10 Normal economy strong economy 80 90 0.30 0.60 After the acquisition, the expected outcomes for the firm would be: Recession Outcomes ($ millions) $13 Probability 0.10 Normal economy 80 0.30 strong economy 105 0.60 After the acquisition these values are as follows: Expected value Standard deviation Coefficient of variation 83.0 ($ millions) 35.5 ($ millions) 0.6 a. Compute the expected value, standard deviation, and coefficient of variation before the acquisition. (Enter the answers In millions. Round "Coefficient of variation" to 3 decimal places. Round "Expected value" and "Standard deviation" to 1 decimal place.) Expected value Standard deviation Coefficient of variation 14 14 million million b. This part of the question is not part of your Connect assignment. c. This part of the question is not part of your Connect assignment. d. This part of the question is not part of your Connect assignment.

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