Four entrepreneurial students want to open a shaved ice business during the coming summer.Maxine thinks that demand will be high and therefore they should purchase a large stand and acquire a premium ice shaving machine.Minnie feels strongly that demand will be low and that they should purchase a tarp and some basic hand tools to work the ice.Midelia is pretty sure that demand will fall in-between these two extremes,so they can get by with a shack and a used ice shaving machine.Their financial wizard of the bunch,Probableah,has estimated the costs,revenues,and likelihoods of each level of demand and created the table shown below.What is the expected profit for this venture? 
Definitions:
Respondent Behavior
A type of reaction to certain stimuli that is automatic or reflexive, not under voluntary control, typically conditioned through association.
Spontaneous Recovery
The reappearance of a learned response after its apparent extinction, without the need for further conditioning or training.
Fixed-Ratio
A schedule of reinforcement where a response is rewarded only after a specified number of responses, in behavioral psychology.
Fixed-Interval
A schedule of reinforcement where rewards are given after a predetermined interval of time has passed.
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