E Homework: Homework: Week 7 Question 3, 4.3.29 HW Score: 80.18%, 60.18 of 100 points Part 1 of 2 Points: 13 of 26 Save An investor is considering three strategies for a $1,200 investment. The probable returns are estimated in the table below. Which strategy has the highest expected profit? Explain why you would or would not advise the investor to adopt this strategy- Profil LOSE Strategy 1 A profit of $12,000 with a probability of 0. 15 A loss of $1,200 with probability 0.85 Strategy 2 A profit of $600 with a probability of 0.50 A profit of $300 with a probability of 0.30 A loss of $300 with a probability of 0.20 Strategy 3 A certain profit of $300 None Which strategy has the highest expected profit? Strategy 1 O Strategy 2 Strategy 3