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 Gain: +$5000 (Tickets $15,000 - Investment $10,000) Probability 0.80 -$2000, bad investment +$2000, good investment O +$5000, good investment O -$5000, bad investment Loss: -$10,000 0.20 QUESTION 4 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