The owner of an antique store estimates that there is a 40% chance she will make $2000

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The owner of an antique store estimates that there is a 40% chance she will make $2000 when she sells an antique china cabinet, a 50% chance she will make $750 when she sells the cabinet, and a 10% chance she will break even when she sells the cabinet. Determine the expected amount she will make when she sells the cabinet.

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Related Book For  answer-question

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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