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| A beverage stand can sell either soft drinks or coffee on any given day. If the stand sells soft drinks and the weather is hot, it will make $2,500; if the weather is cold, the profit will be $1,000 If the stand sells coffee and the weather is hot, it will make $1,900; if the weather is cold, the profit will be $2,000 The probability of cold weather on a given day at this time is 60%.The expected payoff if the vendor has perfect information is The expected payoff if the vendor has perfect information is A. $3,900 B. $2,200 C. $1,360 D. $1,960 |