An investor is considering three strategies for a €1,200 investment. The probable returns are estimated as follows:
• Strategy 1: A certain profit of €200.
• Strategy 2: A profit of €12,000 with probability 0.15 and a loss of €1,200 with probability 0.85
• Strategy 3: A profit of €5,00 with probability 0.50, a profit of €250 with probability 0.30, and a loss of €250 with probability 0.20

Which strategy has the highest expected profit? Explain why you would or would not advise the investor to adopt this strategy.