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Suppose that there is a 50 percent change that George's coffee shop will make $10000 in profits in January, a 25 percent chance that it
Suppose that there is a 50 percent change that George's coffee shop will make $10000 in profits in January, a 25 percent chance that it will make $0 in profits and a 25 percent chance it will make -$2000 in profits (i.e., it will lose $2000).
Calculate the coffee shop's expected profits
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