Question: Under normal conditions (65% probability), Plan A will produce a $36,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will

Under normal conditions (65% probability), Plan A will produce a $36,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will produce $120,000 less than Plan B. What is the expected value of return?

A $23,400

B ($18,600)

C $65,400

D ($42,000)

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