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Under normal conditions (65% probability), Plan A will produce a $30,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will
Under normal conditions (65% probability), Plan A will produce a $30,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will produce $105,000 less than Plan B. What is the expected value of return? (Amounts in parentheses indicate negative values.)
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($36,750)
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($17,250)
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$19,500
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$56,250
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