Question: Under normal conditions (65% probability), Plan A will produce a $28,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will

Under normal conditions (65% probability), Plan A will produce a $28,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will produce $111,000 less than Plan B. What is the expected value of return? (Amounts in parentheses indicate negative values.)

Multiple Choice

($38,850)
($20,650)
$57,050
$18,200

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