A fruit company has 20% returns in periods of normal rainfall and - 3% returns in droughts. The probability of normal rainfall is 60% and droughts 40%. What would the fruit company's expected returns be?
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Home » Business » A fruit company has 20% returns in periods of normal rainfall and - 3% returns in droughts. The probability of normal rainfall is 60% and droughts 40%. What would the fruit company's expected returns be?