Question: [15pts] You are operating a small scale (micro)-hydro plant that generates $200 worth of electricity every day. Every day, there is 0.02 probability that the

[15pts] You are operating a small scale (micro)-hydro plant that generates

[15pts] You are operating a small scale (micro)-hydro plant that generates $200 worth of electricity every day. Every day, there is 0.02 probability that the plant fails at the beginning of the day* which requires $1000 to repair. If the hydro plant fails, it cannot produce electricity during the day. Calculate the expected daily revenue Calculate the standard deviation for the daily revenue

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