Please provide thorough explanation. If possible, please type or ensure response is legible.

9. An investment in a new product has 4 possible annual benefits and 2 possible annual costs with the probabilities of each shown in the following table. Construct a joint probability distribution table of benefits - costs. Which benefit - cost is most likely? Which is the highest benefit - cost. The lowest benefit - cost? What is the expected return (annual benefit - annual cost)? Annual Annual Benefits Prob Costs Prob $8,000 25% $5,000 70% $9,000 20% $8,000 30% $10,000 45% $15,000 10%