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Mathematics, 28.07.2020 17:01 MarbleMonkey7907

An investment counselor calls with a hot stock tip. He believes that if the economy remain strong the investment rules will result In a profit of $30,000. If the economy grows at a moderate pace the investment will result in a profit of $10,000 however if the economy goes into recession the investment will result in a loss of $30,000. You contact and economics who believes there is a 20% probability the economy will remain strong a 70% probability the economy will grow at a moderate pace in a 10% probability the economy will slip into recession. What is the expected profit from this investment?

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