What is the expectation for profit

Reference no: EM13144754

A farmer loses $50,000 when the summer is too dry and makes $100,000 when the growing season is moderate. The probability of the growing season being too dry is 35%. What is the expectation for profit?

Reference no: EM13144754

Questions Cloud

Estimating the property tax : In the year 2007, the company is estimating its property tax to be $3,600 for the year.

What percentage of calls are completed : Fix-It Copiers advertises a mean time of 100 minutes for office calls with a standard deviation of 25 minutes. What percentage of calls are completed.

What would be the volume of the gas : A sample of neon is collected at 2.7 atm and 12.0 degrees celcius. If has a volume of 2.25 L. What would be the volume of this gas as STP?

What would the nucleolus become : In a biology project I'm doing, our plant cell must have a theme. In my case, i chose the Medieval theme, (castle, queen, knights, ect.) I was going to have the nucleus be my queen or king. In that case, what would the nucleolus become?

What is the expectation for profit : When the growing season is moderate. The probability of the growing season being too dry is 35%. What is the expectation for profit?

Current economic environment : Briefly - in 350 words or more - describe the effect of cost structure on profitability, including recommendations for each company given the current economic environment, as you understand it.

How does the musculoskeletal system change : how does the musculoskeletal system change from birth to adulthood and what are the steps the system goes through from childhood to adulthood to reach 206 bones.

How much is the remaining proper-plant and equipment worth : The remaining property, plant,and equipment is worth 10% more that its depreciated cost. How much is the remaining proper, plant, and equipment worth?

Compare and contrast the different types of audit risk : Compare and contrast the different types of audit risk. Determine the type of risk that you think is the least detrimental and the most detrimental. Defend your answer.

User Account

All Pages