For the probability of rain on julty 4h of 0.5 his expected profit is 8885.5 dollars.
<h3>What is probability?</h3>
The probability is occurrence of a certain event out of the total number f events that can happen.
Given in the question the probability of rain is 0.5 therefore the probability of not raining is also 0.5.
If it does not rain he makes a profit of 30427 dollars and if it rains he suffers a loss of 12656 dollars.
We know, the expected profit is,
= 0.5(30427) - 0.5(12656).
= 15213.5 - 6328.
= 8885.5 dollars.
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Subtract negative = add
88 + 35 = 123
The solution is 123
