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Catalina just inherited a vineyard from a distant relative. In good years(when there is no rain or frost during harvestseason), she earns $120,000 from the
Catalina just inherited a vineyard from a distant relative. In good years(when there is no rain or frost during harvestseason), she earns $120,000 from the sale of grapes from the vineyard. If the weather ispoor, she loses $40,000. Catalina's estimate of the probability of good weather is 55%.
The expected value ofCatalina's income from the vineyard is $48000 (round your answer to the nearestdollar)
Calculate the variance ofCatalina's income from the vineyard
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