Question: INVESTMENT ANALYSIS The proprietor of Midland Construction Company has to decide between two projects. He estimates that the first project will yield a profit of $180,000 with a probability of .7 or a profit of $150,000 with a probability of .3; the second project will yield a profit of $220,000 with a probability of .6 or a profit of $80,000 with a probability of .4. Which project should the proprietor choose if he wants to maximize his expected profit?