Calculate the expected value to make predictions.
niceville community plans to invest $1...
Mathematics, 31.01.2020 00:03, microwave13016
Calculate the expected value to make predictions.
niceville community plans to invest $1,200 to host a concert. the community expects to sell tickets worth $1,600. but if it rains on the night of the concert, they won't sell any tickets, so they will lose all the money invested. the weather forecast for the day of the concert is 20% chance of rain. how much money can the community expect to make?
a. $0.65
b. $80
c. -$0.50
d. -$2.00
Answers: 2
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