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Marc's Ferrari Driving Company (MFDC) is taking advantage of their unexpected success. They are launching a new subsidiary called Marc's GOKART Driving Company (GOMARC). You
Marc's Ferrari Driving Company (MFDC) is taking advantage of their unexpected success. They are launching a new subsidiary called Marc's GOKART Driving Company (GOMARC). You have predicted what their likely income will be in different weather conditions, along with the probability of those weather conditions occurring. Most of your summary is presented in the table below, and these are the only weather conditions that will matter for this business. Use the information in this table to answer this question, and the following two questions Weather Condition Probability Projected Profits Sunny and Warm 82.8% $174,000 Cool and Rainy 10.1% $10.000 -$410,000 Snowy and Cold What would an investor expect the average profits to be in a typical year? (answer in dollars, rounded to the nearest penny. For example, if your answer is $123.456 you should enter 123.46)
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