Question: Lobster Liquidators will make $ 510 comma 000 if the fishing season weather is good, $ 220 comma 000 if the weather is fair, and

Lobster Liquidators will make $ 510 comma 000 if the fishing season weather is good, $ 220 comma 000 if the weather is fair, and would actually lose $ 50 comma 000 if the weather is poor during the season. If the weather service gives a 40% probability of good weather, a 20% probability of fair weather, and a 40% probability of poor weather, what is the expected monetary value for Lobster Liquidators?

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