An investment counselor calls with a hot stock tip He

Last updated: 6/14/2023

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 50 000 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 50 000 You contact an economist who believes there is a 20 probability the economy will remain strong a 70 probability the economy will grow at a moderate pace and a 10 probability the economy will slip int recession What is the expected profit from this investment The expected profit is Type an integer or a decimal