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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 $60,000. If the economy grows at a moderate pace, the investment will result in a prot 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 20% probability the economy will remain strong, a 60% probability the economy will grow at a moderate pace, and a 20% probability the economy will slip into recession What is the expected prot from this investment? The expected profit is $ . (Type an integer or a decimal.)

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