Question: Under normal conditions (68% probability), Financing Plan A will produce $24,000 higher return than Plan B. Under tight money conditions (32% probability), Plan A will
Under normal conditions (68% probability), Financing Plan A will produce $24,000 higher return than Plan B. Under tight money conditions (32% probability), Plan A will produce $31000 less than Plan B. What is the expected value of returns?
A) 6400
B) 44800
C) 5600
D) 50400
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