Answer:
11.7
Step-by-step explanation:
multiply RS by the scale factor to get R'S'
Answer:
2.25
Step-by-step explanation:
Step-by-step explanation:
The expected value is the sum of each outcome times its probability.
E = (0.70)(50000) + (0.05)(0) + (0.25)(-3500)
E = 34125
The store is expected to gain $34,125.