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 into recession. What is the expected profit
from this investment?