QUESTION 3 Practice using Weighted Averages Consider an supplier that will charge $37 per unit when it has a surplus and will charge $93 per unit when it has a shortage. You have worked with this supplier for a long time and know that there is a 80% chance of a surplus and 20% chance of a shortage. What do you expect to pay on average? 1. convert each probability to a decimal: 0.8 and 0.2 2. multiply each probability with its observed variable: 0.8 times the price when it is in a surplus and separately 0.2 times the price in a shortage. This means that 80% of the time we think we will be able to pay the lower price, and 20% of the time we think we will have to pay the higher price. 3. now add both of these together (0.8*low price) + (0.2* high price). Round your answer to two decimals