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An Investment Counselor calls with a hot stock tip. He believes that the economy remains strong, the investment will resit in a profit of $50,000. W the economy grows at a moderate pace, the investment will result in a profit of $20.000 However, if the economy goes into recession, the investment will result in a loss of 550.000 You contact an economist who believes there is a 20% probability the economy will remain strong, a 60% probability the economy will grow at a moderate pace, and a 20% probability the economy wil slip into recession What is the expected profit from this investment? The expected proftis (Type an integer or a decimal)

Answer 1