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A Farm Owner Has Three Possible Hiring Decisions

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A farm owner has three possible hiring decisions.His profits depend on the growing season as shown below.If the probability of a good growing season is 0.75.What is the expected value of hiring teenagers?
A farm owner has three possible hiring decisions.His profits depend on the growing season as shown below.If the probability of a good growing season is 0.75.What is the expected value of hiring teenagers?   A) $62,500 B) $52,500 C) $46,250 D) $12,990 E) None of the above.


Definitions:

Chlorophyll

A green pigment responsible for the absorption of light to provide energy for photosynthesis, found in the chloroplasts of green plants and some bacteria.

Heterotrophs

Organisms that obtain their energy by consuming other living or deceased organisms, unable to synthesize their own food.

Photosynthesize

The process by which green plants, algae, and certain bacteria convert light energy into chemical energy, producing oxygen as a byproduct.

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