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April 21, 2014

April 21, 2014

Posted by **Danny** on Thursday, May 24, 2012 at 9:26pm.

- ALGEBRA -
**MathMate**, Friday, May 25, 2012 at 7:26amExpected income is ∑ x P(x).

you have three cases where

x1=445000, P(x1)=1/40

x2=145000, P(x2)=1/20

x3=0, P(x3)=1-1/40-1/20=37/40

Calculate the sum and don't forget to subtract the fixed cost from the expected income.

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