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Test: Test 2 Question 17 of 21 This test: 21 point(s) possible This question: 1 point(s) possible Submit test An investment counselor calls with a

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Test: Test 2 Question 17 of 21 This test: 21 point(s) possible This question: 1 point(s) possible Submit test 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 $30,000. 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 $30,000. You contact an economist who believes there is a 30% probability the economy will remain strong, a 60% probability the economy will grow at a moderate pace, and a 10% 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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