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Suppose that there is a 90 percent change that George's coffee shop will make $7000 in profits in January and a 10 percent chance that

Suppose that there is a 90 percent change that George's coffee shop will make $7000 in profits in January and a 10 percent chance that it will make -$1000 in profits (i.e., it will lose $1000).

Calculate the coffee shop's expected profits

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