Assume that if Cat and Joe go to Bullarama, there is a 35% chance they will have no onsite competitors and the net income would be $967, a 45% chance they will have one onsite competitor and the net income would be $372, and a 20% chance they will have two onsite competitors and the net income would be $172. What is the expected net income of going to Bullarama?

Answer rating: 100% (QA)

To calculate the expected net income of going to Bullarama we need to multiply each ... View the full answer