Answer:
$-40,000
Explanation:
Calculation for the expected monetary outcome
Using this formula
Expected monetary outcome=Probability x Affect
Let plug in the formula
Expected monetary outcome=0.4 x $1,000,000=$400,000
Expected monetary outcome= 0.6x $600,000=$360,000
Expected monetary outcome=$360,000-$400,000
Expected monetary outcome=$40,000 loss
Therefore the Expected monetary outcome will be a loss of $40,000
