Question

A farmer has $100,000 worth of cherries on the trees in his orchard. There is a 10% chance of the weather ruining his crop before harvest in

which case he would lose $40,000 worth of cherries. What would be the expected value of the crop?

??

Answer 1

60,000 I think.

Explanation:

the value (100,000) minus the damage (40,000) would equal 60,00