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You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whetherthere is an economic boom or a recession.

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You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whetherthere is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the accompanying table. Boom (50%) Recession (50%) \".m \" The expected value of project B is \f

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