A local club plans to invest 10 000 to host a baseball game

Last updated: 4/20/2023

A local club plans to invest 10 000 to host a baseball game They expect to sell tickets worth 15 000 But if it rains on the day of the 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 is this a good investment Explain Outcome Loss 10 000 Probability Gain 5000 Tickets 15 000 Investment 10 000 0 80 2000 bad investment 2000 good investment O 5000 good investment O 5000 bad investment QUESTION 4 0 20 A landscaper mows 25 lawns per day on sunny days 15 lawns per day on cloudy days and no lawns if it rains If the weather is sunny 65 of the time cloudy 30 of the time and rains 5 of the time find the expected number of lawns that the landscaper mows per day 23 lawns 17 lawns 19 lawns