Pharoah, Inc., is launching a new store in a shopping mall in Houston. The annual revenue...

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Pharoah, 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 $214,500 in a sizzling summer, with a probability of 0.3, $90,000 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 $ Pharoah, 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 $214,500 in a sizzling summer, with a probability of 0.3, $90,000 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 $