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%

Algebra ->  Customizable Word Problem Solvers  -> Finance -> 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%      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1115297: 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(39629) About Me  (Show Source):
You can put this solution on YOUR website!
85% of time, Sunny
5% of time, cloudy
therefore 10% of the time, Rainy.

For random 100 days
%281200%2A85%2B%28-600%29%2A10%29%2F100
960, dollars per day, average profit