1 11 MAT 152-WB/WBR SP2024 al 5G @' Kursten Tilton (@ Question list @ Question 1 @ Question 2 @ Question 3 @ Question 4 0 Question 5 @ Question 6 @ Question 7 @ Question 8 @ Question 9 @ Question 10 @ Question 11 maion 12 View an example 1< Textbook An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result in a profit of $60,000. If 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 $60,000. You contact an economist who believes there is a 30% probability the economy will remain strong, a 60% probability the economy will grow at a moderate pace, and a 10% probability the economy will slip into recession. What is the expected profit from this investment? SO0 The expected profit is $ 24000 . (Type an integer or a decimal.) Get more help Similar question m
