Find the expected value.Mr. Cameron is sponsoring an summer concert. He estimates that he will make $300,000 if it does not rain and make $60,000 if it does rain. The weather bureau predicts the chance of rain is 0.34 for the day of the concert. An insurance company is willing to insure the concert for $150,000 against rain for a premium of $30,000. If he buys this policy, what are his expected earnings from the concert?
A. $180,000
B. $300,000
C. $270,000
D. $239,400
Answer: D
Mathematics
You might also like to view...
Graph the equation.y2 - 14y + 12x + 97 = 0
A. 
B. 
C. 
D. 
Mathematics
Provide an appropriate answer.Use the following frequency distribution to determine the midpoint of the fourth class.
A. 23.5 B. 26.5 C. 25.5 D. 24.0
Mathematics
Translate the phrase into a mathematical expression and then find the result.Add 3953 cars and 1048 cars
A. 3953 - 1048; 2905 cars B. 3953 + 1048; 5001 cars C. 3953 - 1048; 3824 cars D. 3953 + 1048; 4503 cars
Mathematics
Write the statement in words and decide whether it is true or false.
? 
What will be an ideal response?
Mathematics