I'm stuck on this question. We have to provide a response of 300 words.

Mme. Giselle's boutique in Cleveland, Ohio, is planning to sell Parisian frocks. If the public views them as the "latest fashion trend," the frocks are worth $10,000 each. However, if the public views them as something nice but not a major fashion trend, the smocks sell for $2,000 each. If the probability that they're viewed as a major fashion trend is 20%, what is the expected value of the frocks? What if probably is nearly 80%? Now, let's take this further. Is this a risky situation, and what can Mme. Giselle do to reduce risk?