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Mathematics, 05.05.2020 04:13 H7ttaMaan

I plan to have a food sale tomorrow on campus. If tomorrow is a sunny day, I plan to sale all of food and I can get an income of $200. If tomorrow is a heavy raining day, then I cannot sale any food, so I do not have any income. Assume I need spend $50 to prepare the food and the chance of raining tomorrow is 0.01. find my expected value of this event.

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I plan to have a food sale tomorrow on campus. If tomorrow is a sunny day, I plan to sale all of foo...
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