Question: Under normal conditions (60% probability) Financing plan A will produe a $30,000 higher return than plan B. Under tight money conditions (40% probability) Plan A

Under normal conditions (60% probability) Financing plan A will produe a $30,000 higher return than plan B. Under tight money conditions (40% probability) Plan A will produce $40,000 less than plan B. What is the expected value of return.

a. 2,800

b. 2,000

c.4,000

d.4,800

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