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Under normal conditions (70% probability), Plan A will produce $20,000 higher return than Plan B. Under tight money conditions (30% probability), Plan A will produce
Under normal conditions (70% probability), Plan A will produce $20,000 higher return than Plan B. Under tight money conditions (30% probability), Plan A will produce $100,000 less than Plan B. What is the expected value of returns? A. ($16,000) B. ($2,000) C. $28,000 D. $58,000
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