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Other Fields Homework Help Economics Topic started by: PaulKet on Nov 12, 2017



Title: Lisa runs a local flower shop, if it rains on Valentine's Day and she opens the shop, she will lose ...
Post by: PaulKet on Nov 12, 2017
Lisa runs a local flower shop, if it rains on Valentine's Day and she opens the shop, she will lose $200. If it does not rain on Valentine's Day, she will earn $500 dollars as profits. The chance of rain is 30%, what is Lisa's gain from perfect information about weather conditions on the forthcoming Valentine's Day?
A) 50
B) 60
C) 90
D) 150


Title: Re: Lisa runs a local flower shop, if it rains on Valentine's Day and she opens the shop, she will ...
Post by: Rumko on Nov 12, 2017
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Title: Re: Lisa runs a local flower shop, if it rains on Valentine's Day and she opens the shop, she will lose ...
Post by: PaulKet on Aug 13, 2018
A Plus :)