carliehanson3471 carliehanson3471

04-11-2022
Business

Answered

a local club plans to invest $10000 to host a baseball game. they expect to sell tickets worth $20557. but if it rains on the day of game, they won't sell any tickets and the club will lose all the money invested. if the weather forecast for the day of game is 20% possibility of rain,what is the expected value of investing in the baseball game? rain no rain probability 0.2 leave money in bank 10000 10000 invest in baseball game 0 20557

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