A buyer for Discount Fashions, an outlet for women's apparel, is considering buying a batch of clothing for $61,000. She estimates that the company will be able to sell it for $80,000, $75,000, or $70,000 with probabilities of 0.30, 0.20, and 0.50, respectively.
Based on these estimates, what will be the company's expected gross profit?
$ __________

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The Answer of A buyer for Discount Fashions, an outlet for women's apparel, is considering buying a batch of clothing for $61,000. She estimates that the company will be able to sell it for $80,000, $75,000, or $70,000 with probabilities of 0.30, 0.20, and 0.50, respectively.
Based on these estimates, what will be the company's expected gross profit?
$ __________

A Buyer for Discount Fashions, an Outlet for Women's Apparel