Question: Under normal conditions (65% probability), Plan A will produce a $29,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will

Under normal conditions (65% probability), Plan A will produce a $29,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will produce $103,000 less than Plan B. What is the expected value of return? (amounts in parenthesis indicate negative values.)

a. ($17,200)

b. $54,900

c.($36,050)

d. $18,850

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