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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

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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: Recession Normal economy Strong economy Outcomes ($ millions) $30 50 70 Probability 0.30 0.40 0.30 After the acquisition, the expected outcomes for the firm would be: Recession Normal economy Strong economy Outcomes ($ millions) $ 10 50 100 Probability 0.30 0.40 0.30 After the acquisition these values are as follows: Expected value Standard deviation Coefficient of variation 53.0 ($ millions) 34.9 ($ millions) .658 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.) million Expected value Standard deviation Coefficient of variation million

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