Question: The probability that Ms Brown will sell a piece of
The probability that Ms. Brown will sell a piece of property at a profit of $ 3,000 is 3/20 , the probability that she will sell it at a profit of $ 1,500 is 7/20 , the probability that she will break even is 7/20 , and the probability that she will lose $ 1,500 is 3/20 . What is her expected profit?
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