Shawn and maddie purchase a foreclosed property for $50,000 and spent an additional $27,000 fixing up the property. they feel they can sell the property for $120,000 with probability 0.15, $100,000 with probability 0.45, $80,000 with probability 0.25, and $60,000with probability 0.15. compute and interpret the expected profit for reselling the property
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Shawn and maddie purchase a foreclosed property for $50,000 and spent an additional $27,000 fixing u...
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