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 $40 comma 000. If the economy grows at a moderate pace, the investment will result in a profit of $10 comma 000. However, if the economy goes into recession, the investment will result in a loss of $40 comma 000. You contact an economist who believes there is a 20% probability the economy will remain strong, a 60% probability the economy will grow at a moderate pace, and a 20% probability the economy will slip into recession. What is the expected profit from this investment?

The expected profit from the investment is $6,000

Explanation:

In this question, we are asked to calculate the expected profit from the investment.

To calculate this, we approach the question mathematically. This is done by multiplying the individual events with their probabilities and adding the answers together.

= (40,000)(20%) + (10000)(60%) + (-40,000)(20%)

=8,000 + 6,000 - 8,000

= $ 6000

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

answer about 4-5 percent of the labor force is unemployed;