You are operating a small scale (micro)-hydro plant that generates $200 worth of electricity every day. Every day, there is 0.02 probability that the plant fails at the beginning of the day*, which requires $1000 to repair. If the hydro plant fails, it cannot produce electricity during the day. Calculate the expected daily revenue Calculate the standard deviation for the daily revenue

Respuesta :

The expected daily revenue is $176 and the standard deviation for the daily revenue is $168. Daily Revenue is the sum of the Company's net revenue for any period divided by the number of days in that period.

Average Daily Revenue is calculated by dividing the total gross revenue that Supplier has received or is due in connection with the relevant Order or this Agreement as a whole (as applicable) for the three full calendar months prior to the calendar month in which Supplier receives Embarq's notice of termination under this Section 6.3 by the number of days in such period. Average Daily Income is defined as (x) the total revenue made by linked gaming software during a given month, less any relevant service fees, divided by (y) the number of days during that month.

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