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 ​$. If the economy grows at a moderate​ pace, the investment will result in a profit of ​$. ​however, if the economy goes into​ recession, the investment will result in a loss of ​$. You contact an economist who believes there is a ​% probability the economy will remain​ strong, a ​% probability the economy will grow at a moderate​ pace, and a ​% probability the economy will slip into recession. What is the expected profit from this​ investment?.



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