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1. <span>Tribal culture hunts buffalo on grasslands
2. </span><span>Mechanized culture uses plows to turn grasslands into farms
3. </span><span>Climate changes so farms die
4. </span>Group migrates away from area
Acasa's expected value loss be per customer who chooses plan A
Assumption
Fill customers choose plan A
The average payout is the same for plans A & B
Expected value = net payment in -Net payment out
⇒ 1000% × 700$ - 5% ×[27000$ - 3000$]
⇒ 700$ - 1200$
⇒ -500$
What are a profit and loss?
A profit and loss statement is a record of revenue and expenses incurred by a business in a given period of time. A profit and loss statement is also called a P&L, an income statement, a statement of profit and loss, and income and expense statement, or a statement of financial results.
Learn more about profit and loss
here: brainly.com/question/19104371
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If I am not wrong after graphing it the line should be vertical.. meaning that y=0 and it should be around 3.064
