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ses/146491/quizzes/159084/take BLS Search Results Music College wishlist! (2) New Messages! Made in DC Makers.... Information for Question 7 to Question 9 Suppose it's the
ses/146491/quizzes/159084/take BLS Search Results Music College wishlist! (2) New Messages! Made in DC Makers.... Information for Question 7 to Question 9 Suppose it's the beginning of the year and you own two franchises: a Manytimes Fitness (a fitness chain) and McDowells (a fast-food chain). You develop the following joint probability table associated with what you believe your two franchises' year-end profit outcomes (in $'s) will be. You assume that the year-end profit could be one of two values for Manytimes Fitness (-$100,000 or $230,000) and one of three values for McDowells ($280,000; $150,000; or -$85,000). Joint Probability Table Manytimes Fitness Year-end Profits: -$100,000 $230,000 $280,000 0.31 0.06 McDowells $150,000 0.11 0.14 -$85,000 0.03 0.35 Question 1 1 pts Question 7 Based on the joint probability table above, what is the total year-end profit you expect from your two frachises (in $'s)? Round your answer to four decimal places.
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