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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