A Car Wash Loses $30 on Rainy Days and Makes

question 106

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 0.15,calculate the car wash's expected profit.

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

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Definitions:

Position Power

denotes the authority and influence an individual holds in an organization due to their official role or position, rather than personal characteristics.

Personal Power

The influence or authority an individual has over others, stemming from personal attributes or competencies.

Resistance

Opposition or reluctance to accept, comply with, or change in response to new ideas, changes, or leadership attempts.

Influence Attempt

Efforts made by an individual or group to change the attitudes, beliefs, or behaviors of another individual or group.