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A new company, Saber, has created a rideshare deal for the Australian market. They estimate that if the uptake of the deal is excellent they
A new company, Saber, has created a rideshare deal for the Australian market. They estimate that if the uptake of the deal is excellent they can make a profit of $3.5 million per year. If the uptake is good they can make a profit of $2.2 million per year. Finally, if the uptake is poor they can lose $1.85 million per year. The probability that the uptake will be excellent is 0.49. The probability that the uptake will be good is 0.21. Calculate the expected profit for the new rideshare deal (in $ millions per year) to two decimal places.
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