Question

The Sudsy car wash loses $40 on rainy days and gains $150 on sunny days. If the probability of rain is 15%, what its he expected value of the net profit?

Answer 1

-40*.15 + 150*(1-.15)= 121.50

Answer 2

The Sudsy car wash loses $40 on rainy days and gains $150 on sunny days.

We have given that,

The Sudsy car wash loses $40 on rainy days and gains $150 on sunny days. If the probability of rain is 15%

What is the formula for probability?

The probability of an event can be calculated by the probability formula by simply dividing the favorable number of outcomes by the total number of possible outcomes.

If the probability of rain is 15%,

-40*.15 + 150*(1-.15)= 121.50.

To learn more about the probability visit:

https://brainly.com/question/24756209

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