Answer Happy

3. Jet Blue is considering adding a route to the city of Minneapolis, MN. After considerable research, the company estimates that if it adds this route, there is a 60% chance of making a $900,000 profit, a 10% chance of breaking even, and a 30% chance of losing $1,400,000. Calculate the expected value of adding this new route. 4. An outdoor hot dog vendor sells an average of 50 hot dogs per day in dry weather and an average of 15 per day in wet weather. If the weather in this area is wet 25% of the time, what is the expected number of hot dogs sold per day? (Round to the nearest hot dog)