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An investor is planning on selling some property that she recently purchased. A real estate consulting firm determines that there is a 50% chance of

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An investor is planning on selling some property that she recently purchased. A real estate consulting firm determines that there is a 50% chance of making a profit of $50,000, a 30% chance of breaking even, and a 20% chance of suffering a $60,000 loss. Determine the expected value of the sale. $13,000 -$20,000 $37,000 $22,000

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