Question: Under normal conditions (68% probability), Financing Plan A will produce a $25,000 higher return than Plan B. Under tight money conditions (32% probability), Plan A

Under normal conditions (68% probability), Financing Plan A will produce a $25,000 higher return than Plan B. Under tight money conditions (32% probability), Plan A will produce $36,000 less than Plan B. What is the expected value of return?

Multiple Choice

$5,480
$43,040
$38,360
$4,680

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