Question: 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

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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