A buyer for Discount Fashions, an outlet for women's apparel, is considering buying a batch of clothing for $61,000. She estimates that the company will be able to sell it for $80,000, $75,000, or $70,000 with probabilities of 0.20, 0.40, and 0.40, respectively
Based on these estimates, what will be the company's expected gross profit?
a. $13,000
b. $23,400
c. $7,800
d. $15,600
e. $10,400
a. $13,000
You might also like to view...
Provide an appropriate response.For 2x2 + 3y2 + 2z2 = 16, evaluate 
when x = 1, y = 2, z = -1.
What will be an ideal response?
Determine whether the given value is a solution to the given equation.Is 7.7 a solution of 0.6x = 4.242?
A. Yes B. No
Solve the problem.In a computer simulation, a satellite orbits around Earth at a distance from the Earth's surface of 
miles. The orbit is circular, and one revolution around Earth takes 10.1 days. Assuming the radius of the Earth is 3960 miles, find the linear speed of the satellite. Express the answer in miles per hour to the nearest whole mile.
A. 136 mph B. 752 mph C. 854 mph D. 18,433 mph
Add. Write a mixed numeral for the answer.15
12
A. 38
B. 36
C. 37
D. 37