A company must choose which of the two products A and B to lunch. The directors believe that the net profit for the pro

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A company must choose which of the two products A and B
to lunch. The directors believe that the net profit for the
products will vary depending on competitor reactions. There is 30%
chance that competitors’ reaction will be strong, a 20% chance that
competitors’ reaction will be normal and 50% chance that
competitors’ reaction will be weak.
The estimated profits for each product are summarised
below:
Competitors reactions
Probability
Product A
Product B
Strong
30%
400
600
Normal
20%
600
550
Weak
50%
800
500
Required: