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O aspx?testld=244170963¢erwin=yes A Anaya Archie 10/04/22 9:37 PM (? Question 2 of 9 This quiz: 9 point(s) possible This question: 1 point(s) possible Submit quiz

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O aspx?testld=244170963¢erwin=yes A Anaya Archie 10/04/22 9:37 PM (? Question 2 of 9 This quiz: 9 point(s) possible This question: 1 point(s) possible Submit quiz 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 $50,000. If the economy grows at a moderate pace, the investment will result in a profit of $10,000. However, if the economy goes into recession, the investment will result in a loss of $50,000. 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 profit from this investment? The expected profit is $ (Type an integer or a decimal )

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