Business, 07.03.2020 00:01 zitterkoph

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?

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Under normal conditions (70% probability), Plan A will produce a $20,000 higher return than Plan B....