A store specializing in mountain bikes is to open in one of two malls. If the first mall is​ selected, the store anticipates a yearly profit of $1,200,000 if successful and a yearly loss of $400,000 otherwise. The probability of success is 1/2. If the second mall is​ selected, it is estimated that the yearly profit will be $800,000 if​ successful; otherwise, the annual loss will be $240,000. The probability of success at the second mall is 3/4. Complete parts​ (a) through​ (c) below a. What is the expected profit for the first​ mall?
​$

b. What is the expected profit for the second​ mall?
​$

c. Which mall should be chosen in order to maximize the expected​ profit?

()The first mall should be chosen in order to maximize profit.
()The second mall should be chosen in order to maximize profit.
()Either of the two malls may be​ chosen; the profit will be the same.