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A concert producer plans to invest $13,000 to host an outdoor concert. They expect to sell tickets worth $20,000. But if it rains on the
A concert producer plans to invest $13,000 to host an outdoor concert. They expect to sell tickets worth $20,000. But if it rains on the day of the concert, they won't sell any tickets and they will lose all the money they invested. The weather forecast for the day of the concert is a 25% chance of rain. Based on the expected profit (or loss) is this a good investment
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