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Blossom's Flowers Purchases Roses for Sale for Valentine's Day

Question 3

Multiple Choice

Blossom's Flowers purchases roses for sale for Valentine's Day. The roses are purchased for $10 a dozen and are sold for $20 a dozen. Any roses not sold on Valentine's Day can be sold for $5 per dozen. The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100, 200, or 400 dozen roses. Given 0.2, 0.4, and 0.4 are the probabilities for the sale of 100, 200, or 400 dozen roses, respectively, what is the EMV for buying 200 dozen roses?


A) $4,500
B) $1,700
C) $1,000
D) $2,500

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