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What is the expected annual revenue for the store

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Problem - Cullumber, 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 $229,800 in a sizzling summer, with a probability of 0.3, $88,000 in a cool summer with a probability of 0.2, and $134,000 in a normal summer with a probability of 0.5. What is the expected annual revenue for the store?

Reference no: EM132846101

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