Kramer wants to open a fruit stand. He figures his business can be really successful, moderately successful, barely successful, a failure, or a complete failure. Below is a table of all the possible outcomes the estimated probability that each outcome will occur, and the profit Kramer will make for each out. What is the expected profit, in thousands, for this business? (Round your answer to the nearest two decimal places. Do not include the dollar sign ($) in your answer.) Outcome Really successful Moderately successful Barely successful Failure Complete failure P() 0.1 2 0.2 3 0.3 5 0.2 8 0.0 Quarterly Profit ($, thousands) 30 16 1 -5 -25

The map below shows the percentage change in housing prices from June 2014 to June 2015 in each of nine regions (U.S. Census divisions).+ Pacific 7.68 Mountain 7.17 West North Central 3.91 West South Central 6.92 East North Central 4.51 East South Central 4.88 Middle Atlantic 1.72 South Atlantic 6.12 New England 3.18 by You are choosing a region of the country to move to. Let E be the event that the region you choose saw a increase in housing prices of 4% or more, and let F be the event that the region you choose is on the east coast. Describe the event of EU F in words. You choose a region that saw an increase in housing prices of 4% or more or is on the east coast. You choose a region that saw a increase in housing prices of 4% or more and is on the east coast. List the outcomes of E UF. OEUF = {Pacific, Mountain, South Atlantic} EUF = {East North Central, South Atlantic, West North Central, Mountain, Pacific} EUF = {New England, Middle Atlantic, East North Central} EUF = {East North…

Now you play toss-a-coin. If the coin comes up Heads, you win. If it comes up Tails, your friend wins.What is the probability that you win 4 games out of 10 now? This is a numerical question - give the answer in percent, and round to four digits after the decimal point

Suppose you are producing an outdoor festival. You estimate that you will make $100000 if it does not rain and make $50000 if it does rain. The weather bureau predicts that the chance of rain is 35% for the day of the concert. What are your expected earnings for the festival?