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A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a

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A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $16 profit on each sale, but suffers a loss of $7 for every faulty gadget because they have to repair the unit. What is the profit (or loss) the company can expect to make from selling 100 units?. Submit Answer format: Number: Round to: 1 decimal places. A local club plans to invest $10000to host a baseball game. They expect to sell tickets worth $17120. 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 sibility 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 17120 Submit Answer format: Number: Round to: 1 decimal places

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