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If p is the probability of Event 1 and (1-p) is the probability of Event 2, based on the expected returns, for what values of p would you choose A? B? C? Values in the table are payoffs.
| Choice/Event | Event 1 | Event 2 |
| A | 0 | 20 |
| B | 4 | 16 |
| C | 8 | 0 |