{Risky Undertaking Narrative} Find the expected value of the net profit from your investment of $2,000.

Payoff

The return or outcome received from an investment or decision, which can be positive (profit) or negative (loss).

Risky Undertaking

An action or project that involves a significant chance of failure or loss.

Expected Value

In statistics, Expected Value refers to the sum of all possible values each multiplied by the probability of its occurrence, offering a measure of the center of distribution of a variable.