101. Under normal conditions (70% probability) , Plan A will produce a $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 return?
A) $28,000
B) ($16,000)
C) $58,000
D) ($2,000)
Correct Answer:
Verified
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