subject
Mathematics, 22.03.2021 03:10 NEUROPHARMACOLOGICAL

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 ​$30,000. 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 ​$30,000. 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?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
Arecipe calls for 32 fluid ounces of heavy cream.how many 1 pint containers of heavy cream are needed to make the recipe?
Answers: 2
question
Mathematics, 21.06.2019 18:50
Jermaine has t subway tokens. karen has 4 more subway tokens than jermaine. raul has 5 fewer subway tokens than jermaine. which expression represents the ratio of karen's tokens to raul's tokens
Answers: 1
question
Mathematics, 21.06.2019 19:30
I'm confused on this could anyone me and show me what i need to do to solve it.
Answers: 1
question
Mathematics, 21.06.2019 22:00
To decrease an amount by 16% what single multiplier would you use
Answers: 1
You know the right answer?
An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong,...
Questions
question
Mathematics, 16.12.2020 22:40
question
Mathematics, 16.12.2020 22:40
question
History, 16.12.2020 22:40
question
Physics, 16.12.2020 22:40
question
Mathematics, 16.12.2020 22:40
question
Mathematics, 16.12.2020 22:40
question
Mathematics, 16.12.2020 22:40
question
Mathematics, 16.12.2020 22:40
Questions on the website: 13722366