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An Entrepreneur Is Considering Building a New Restaurant $70,000\$ 70,000 ; If the Restaurant Is Built and There Is a That

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An entrepreneur is considering building a new restaurant. She knows that if the restaurant is built and the economy improves there will be a profit next year of $70,000\$ 70,000 ; if the restaurant is built and there is a recession, there will be a loss next year of $10,000\$ 10,000 . If she buys a particular established restaurant and the economy improves, there will be a profit of $40,000\$ 40,000 next year; if she buys the established restaurant and there is a recession, there will be a profit of $8,000\$ 8,000 next year.
-For the situation above, find the expected profit of perfect information if the probability of a recession is 13\frac{1}{3} .

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