Question: Under normal conditions (76% probability), Financing Plan A will produce a $30,000 higher return than Plan B. Under tight money conditions (24% probability), Plan A
Under normal conditions (76% probability), Financing Plan A will produce a $30,000 higher return than Plan B. Under tight money conditions (24% probability), Plan A will produce $35,000 less than Plan B. What is the expected value of return?
A $100,800
B $114,400
C $14,400
D $13,600
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