A baseball team losses 100000 for each consecutive day it ra
A baseball team losses $100,000 for each consecutive day it rains. Say X, the number of consecutive days it rains at the beginning of the season, has a Poisson distribution with mean 0.2. What is the expected loss before the opening game?
Solution
As there are an expected 0.2 games that it rains, and the loss is $100000 per game, then
E(loss) = $100000*0.2 = $20,000 [ANSWER]

