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An investment counselor calls with a hot stock tip, He believes that if the economy remains strong, the investment will result in a prot of

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An investment counselor calls with a hot stock tip, He believes that if the economy remains strong, the investment will result in a prot of $40,000. If the economy grows at a moderate pace, the investment will result in a prot of $10,000. However, if he economy goes into recession, the investment will result in a loss of $40,000 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 prot from this investment? The expected prot is $ . (Type an integer or a decimal)

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