Top Posters
Since Sunday
14
o
6
6
G
3
c
3
q
3
m
3
j
3
s
2
b
2
j
2
u
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
PaulKet PaulKet
wrote...
Go to Answer
Posts: 488
Rep: 6 0
6 years ago
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. What is Lisa's expected profit on Valentine's Day if she only knows that there is a 30% chance of rain that day?
A) $350
B) $290
C) $200
D) $150
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 146 times
1 Reply
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
Replies
Answer verified by a subject expert
unExpectedunExpected
wrote...
#1
Posts: 267
Rep: 21 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
* Majoring in business & math

Related Topics

PaulKet Author
wrote...

6 years ago
Thanks for your help!!
patyfeitosa
wrote...

Yesterday
Thanks
ky
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1096 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 197
  
 725
  
 1070
Your Opinion
What's your favorite math subject?
Votes: 315
Previous poll results: Who will win the 2024 president election?