Probability

A project will cost $11.5 million. The forecasted revenue arising for two possible economic conditions are shown in the table below Economic condition Probability (p) Revenue (r) $ million (px r) $ million Adverse. 0.3 8 2.4 Favourable 0.7 15 10.5 Expected value 12.9 Which TWO of the following statements are CORRECT? 1. The forecast suggests that the project will make a profit of $1.4 million 2. The forecast suggests that the project could make a loss of $9.1 million 3. If the two economic outcomes were forecast as being equally likely, the expected revenue would match the cost 4. The forecast suggests that the project could make a loss of $3.5 million I am confused should i take only revenue figures when calculating the loss then it becomes 11.5-8=3.5 or should i include probability aswell then 11.5-2.4= 9.1 Also how can revenue match the cost Is my answer 3 and 4 statements correct?