SOLUTION: An ice cream shop makes a profit of $1,200/day when it is sunny; breaks even when it is cloudy, andloses $600/daywhen it is rainy. Suppose it is sunny 85% of the time and cloudy 5%

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Question 1100715: An ice cream shop makes a profit of $1,200/day when it is sunny; breaks even when it is cloudy, andloses $600/daywhen it is rainy. Suppose it is sunny 85% of the time and cloudy 5% of the time, what is the shop’s expected daily profit?
Answer by josgarithmetic(39621) About Me  (Show Source):