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To sell an average house, a real estate broker spends $1200 for advertisement expenses. If the house sells in three months, the broker makes $8,000.

To sell an average house, a real estate broker spends $1200 for advertisement expenses. If the house sells in three months, the broker makes $8,000. Otherwise, the broker loses the listing. If there is a 40% chance that the house will sell in three months, what is the expected payoff for the real estate broker?

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