A Christmas tree grower anticipates a profit of $80,000 in a usual season. There is however a 10% chance of pine bark beetle infestation in which case 70% of the trees are destroyed and profit is reduced to $24,000. The grower can spray for beetles at the beginning of the season at a cost of $7,000. Compute E(X). Enter just an integer rounded off to the nearest thousand.

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The Answer of A Christmas tree grower anticipates a profit of $80,000 in a usual season. There is however a 10% chance of pine bark beetle infestation in which case 70% of the trees are destroyed and profit is reduced to $24,000. The grower can spray for beetles at the beginning of the season at a cost of $7,000. Compute E(X). Enter just an integer rounded off to the nearest thousand.

A Christmas Tree Grower Anticipates a Profit of $80,000 in a Usual