Suppose joel decides to go fishing at Lake Veronica on his day off from work, but...

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Suppose joel decides to go fishing at Lake Veronica on his day off from work, but he faces a choice: he can fish the north, south, east, or west side of the lake. His expected catch for the day is as follows: 1 fish on the north side, 4 fish on the south side, 7 fish on the east side, 2 fish on the west side. What is Joel's benefit from fishing on the south side of the lake? Suppose joel decides to go fishing at Lake Veronica on his day off from work, but he faces a choice: he can fish the north, south, east, or west side of the lake. His expected catch for the day is as follows: 1 fish on the north side, 4 fish on the south side, 7 fish on the east side, 2 fish on the west side. What is Joel's benefit from fishing on the south side of the lake?

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To determine Joes benefit from fishing on the south side of the lake we need to calculate the expect... View the full answer