You are a hotel manager considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs and corresponding payoffs are summarized in the following table. 
The expected value of project A is:
Definitions:
Lobbying
The act of attempting to influence decisions made by officials in the government, often by different interest groups.
Federal Government
A system of government where power is divided between a national (federal) government and various regional governments.
Astroturf Lobbying
A political strategy that simulates grassroots support for an issue, often sponsored by corporations or interest groups to create the appearance of widespread public backing.
Grassroots Organizations
Organizations that use collective action from the local level to effect change at the local, regional, national, or international level, often through community involvement.
Q1: Refer to the payoff matrix below. <img
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