Q4. In 2020 ABC would like to consider all sorts of scenarios. There is a 15% probability that the worst will happen, a 25% probability that the best will happen, and a 60% probability that the most likely outcome will occur. What will be the expected value of profit for 2020? Kindly show working on every step with formulas?

Possibilities	Units	Price/unit	Material cost/unit	Fixed cost
Worst	7500	18	9	50000
Most likely	9500	20	8	45000
Best	12000	22	7	40000