Cullumber, inc., is launching a new store in a shopping mall in houston. The aunnal revenue of the store depends on the weather conditions in the summer in Houston. The annual revenue will be $212,100 in a sizzling summer, with a probability of 0.3, $73,000 in a cool summer with a probability of 0.2, and $167,000 in a normal summer with a probabilty of 0.5.

what is the expected annual revenue for the store?

Cullumber, Inc., is launching a new store in a shopping mall in Houston. The annual revenue of the store depends on the weather conditions in the summer in Houston. The annual revenue will be $212,100 in a sizzling summer with a probability of 0.3, $73,000 in a cool summer with a probability of 0.2 and $167,000 in a normal summer with a probability of 0.5. What is the expected annual revenue for the store? Expected annual revenue 164470 Save for Later Attempts: unlimited Submit