A local business plans to invest 800 to host a fun run and

Last updated: 4/20/2023

A local business plans to invest 800 to host a fun run and they expect to sell tickets worth 9 000 on the day of the event If it rains they won t sell any tickets and the business will lose all the invested money The weather forecast for the day of the fun run is a 35 chance of rain Is this a good investment Gain 8 200 Invest 800 0 35 0 65 Outcome Probability 5 050 good investment 5 050 bad investment 5610 good investment 5 610 bad investment