Hungry Howies is opening a new restaurant. The company estimates that there is a 85% chance the

Question:

Hungry Howie’s is opening a new restaurant. The company estimates that there is a 85% chance the restaurant will have a profit of $200,000, a 5% chance the restaurant will break even, and a 10% chance the restaurant will lose $30,000. Determine the expected gain or loss for this restaurant.

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