Under normal conditions (60% probability), Plan A will produce a $39,000 higher return than Plan B. Under tight money co

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answerhappygod
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Under normal conditions (60% probability), Plan A will produce a $39,000 higher return than Plan B. Under tight money co

Post by answerhappygod »

Under normal conditions (60% probability), Plan A will produce a
$39,000 higher return than Plan B. Under tight money conditions
(40% probability), Plan A will produce $119,000 less than Plan B.
What is the expected value of return? (Amounts in
parentheses indicate negative values.)
$71,000
$23,400
($24,200)
($47,600)
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