Business, 27.06.2019 03:20 sindy35111

Suppose that next year the u. s. will be in one of the following economic conditions: boom, moderate growth, recession, or depression. the probability that each economic condition will occur, and that a jewelry store will earn profits within that broader economic condition are listed below:
economic condition probability store profits
boom 0.4 $ 400,000.00
moderate growth 0.3 $ 300,000.00
recession 0.2 $ 100,000.00
depression 0.1 $ (500,000.00)
the expected profit of the jewelry store during the next year is?

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