An ice cream shop makes a profit of $1000/Day when it is sunny; breaks even when it is cloudy, and loses $600/day when it is rainy. Suppose it is sunny 85% of the time and cloudy 10% of the time, what is the shops expected daily profit?
Probability and statistics
An ice cream shop makes a profit of $1000/Day when it is sunny; breaks even when it is cloudy, and loses $600/day when it is rainy. Suppose it is sunny 85% of the time and cloudy 10% of the time, what is the shops expected daily profit?
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