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A ski resort profits $1,100,000 during the good winter with lots of snow. The resort has loss of $300,000 otherwise. The resort's historical climate data recommends that the probability of the good winter with lots of snow throughout any given year is 30%. Find out the expected profit for ski resort?

A) 540,000

B) 680,000   

C) 860,000

D) 120,000

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920534

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