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Under normal conditions (70% probability), Plan A will produce a $31,000 higher return than Plan B. Under tight money conditions (30% probability), Plan A will
Under normal conditions (70% probability), Plan A will produce a $31,000 higher return than Plan B. Under tight money conditions (30% probability), Plan A will produce $111,000 less than Plan B. What is the expected value of return? (Amounts in parentheses indicate negative values.))
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