Question
A coffee franchise is opening a new store. The company estimates that there is a 70%...
A coffee franchise is opening a new store. The company estimates that there is
a
70%
chance the store will have a profit of
$45,000,
a 10%
chance the store will break even, and a
20%
chance the store will lose
$4,000
Determine the expected gain or loss for this store.
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