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Lobster Liquidators will make $ 510 comma 000$510,000 if the fishing season weather is good, $ 220 comma 000$220,000 if the weather is fair, and

Lobster Liquidators will make

$ 510 comma 000$510,000

if the fishing season weather is good,

$ 220 comma 000$220,000

if the weather is fair, and would actually lose

$ 50 comma 000$50,000

if the weather is poor during the season. If the weather service gives a

4040%

probability of good weather, a

2020%

probability of fair weather, and a

4040%

probability of poor weather, what is the expected monetary value for Lobster Liquidators?

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