Question: Timmy has to decide how much lemonade he should make for his lemonade stance world. Based on how he makes and the weather tomorrow, the

Timmy has to decide how much lemonade he should make for his lemonade stance world. Based on how he makes and the weather tomorrow, the profits are estimated below. The probability of weather conditions are still also shown.

1. what is he expected profit if he decides to go with 2 gallons?

2.what option has the highest expected profit? 2 gals, 4 gals, 6 gals or they are all equal

Timmy has to decide how much lemonade he should

points Timmy has to decide on how much lemonade he should make for his lemonade stand tomorrow. Based on how much he makes, and the weather tomorrow, the profits are estimated belo probability of the weather conditions are also shown. (He must incur the costs today, and the table shows you the profit in dollars from operations) probability 0.3 0.5 0.2 rainy cloudy 10 15 8 sunny 2 gallons 4 gallons 6 gallons 5 9 2 20 10 0 What is his expected profit if he decides to go with 2 gallons

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