Lisa Runs a Local Flower Shop

question 20

Multiple Choice

Lisa runs a local flower shop.If it rains on Valentine's Day and she opens the shop,she will lose $200.If it does not rain on Valentine's Day,she will earn $500 dollars as profits.What is Lisa's expected profit on Valentine's Day if she only knows that there is a 30% chance of rain that day?

• A)$350
• B)$290
• C)$200
• D)$150

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Definitions:

Parent-Child Relationships

The dynamic and emotional bond between parents and their children, influencing their development and well-being.

Never-Married Mothers

Women who have children but have never been married, highlighting a specific family structure.

Infants

Very young children or babies, typically under one year of age, who are in the earliest stage of human life.

Economic

Relating to the production, consumption, and transfer of wealth within a society.