A Car Wash Loses $30 on Rainy Days and Makes

question 141

Multiple Choice

A car wash loses $30 on rainy days and makes $120 on days when it does not rain. If the probability of rain is .15, calculate expected profit for the car wash.

• A) $90
• B) $76.50
• C) $106.50
• D) $97.50

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Definitions:

Pet Groomer

A professional who cleans, trims, and styles pets' coats, nails, and fur to maintain their appearance and hygiene.

Lawn Care

The maintenance and management of gardens, yards, or other grassy areas to ensure healthy growth and aesthetic appeal.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Partnership

An unincorporated business form consisting of two or more persons conducting business as co-owners for profit.