The following table shows profit estimates for a company under different economi...
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The following table shows profit estimates for a company under different economic scenarios.
Using this data, calculate the expected return (in A$)
(Please round your answer to zero decimal places)
Scenario | New profit from given scenario (A$) | Probability of return |
Weak economy | (2,000,000) | 60% |
Normal economy | 500,000 | 30% |
Strong economy | 4,000,000 | 10% |
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