2. John and Morgan purchase a foreclosed property for $50,000 and had to spend an additional $27,000 fixing up the property. They feel that they can resell the property for $120,000 with
probability of 0.15, $100,000 with probability of 0.45, $80,000 with probability of 0.25, and
$60,000 with probability 0.15. Compute and interpret the expected profit for reselling the
property.