Question
A new horror-themed amusement park has opened in Brisbane for the holidays but a deadly pandemic has hit Australia. The park owners estimate that if
A new horror-themed amusement park has opened in Brisbane for the holidays but a deadly pandemic has hit Australia. The park owners estimate that if there is no lockdown, they will make a profit of $12.6 million in the holidays. If there is a is short lockdown, the park will generate $5.1 million in profits. Finally, if there is a long lockdown, the amusement park will make a loss of $2.14 million. They know from previous lockdowns that the probability there is no lockdown is 0.27 and the probability that there is a short lockdown is 0.33. Calculate the expected profit for the amusement park over the holidays (in $ millions) to two decimal places.
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