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What is the expected value of return

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Reference no: EM132486016

Problem 1: Under normal conditions (65% probability), Plan A will produce a $39,000 higher return than Plan B. Under tight money conditions (35% probability), Plan A will produce $116,000 less than Plan B. What is the expected value of return? (Amounts in parentheses indicate negative values.)

Reference no: EM132486016

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