document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=565168>Question 565168</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Good evening Tutors: I need help with the steps to solve this probability question<BR>\n" );
document.write( " The property restoration company PuroServ is considering switching to new dehumidifiers. Their market research, considering the cost of the new machines and their efficiency, tells them that the switch would give them a 75% chance of making a $20,000 profit, a 5% chance of breaking even, and a 20% chance of losing $5,000. How much money does PuroServ expect to make with their new purchase?   </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #365689 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=365689\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Their market research, considering the cost of the new machines and their efficiency, tells them that the switch would give them a 75% chance of making a $20,000 profit, a 5% chance of breaking even, and a 20% chance of losing $5,000. How much money does PuroServ expect to make with their new purchase? <BR>\n" );
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document.write( "E(x) = 0.75*20,000 + 0.05*0 + 0.20*(-5000) = $14,000<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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