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A beverage stand can sell either soft drinks or coffee on any given day. If the stand sells soft Fact Pattern: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