document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=263244>Question 263244</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A ski resort profits $1,300,000 during a good winter with lots of snow.  The resort has a loss of $425,000 otherwise.  The resort’s historical climate data suggests that the probability of a good winter with lots of snow during any given year is 50%.  What is the expected profit for the ski resort?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #194036 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=194036\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A ski resort profits $1,300,000 during a good winter with lots of snow. The resort has a loss of $425,000 otherwise. The resort’s historical climate data suggests that the probability of a good winter with lots of snow during any given year is 50%. What is the expected profit for the ski resort?<BR>\n" );
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document.write( "E(x) = 0.5(1300000)-0.5(425000) = $437,500<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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