Question: Under normal conditions (60% probability). Plan A will produce $32,000 higher return than Plan B. Under tight money conditions (40% probability). Plan A will produce

Under normal conditions (60% probability). Plan A will produce $32,000 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 returns? (Amounts in parentheses indicate negative value) ($47, 600) $19, 200 $66, 800 ($28, 400)

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