Question
A math tournament is researching a golf tournament fundraiser. It will cost $1,000 to host the tournament. If it rains the club will lose its
A math tournament is researching a golf tournament fundraiser. It will cost $1,000 to host the tournament. If it rains the club will lose its investment. If it is sunny, it is expected the club will make $4,500 from the participants. If the chance of rain is 20% what is the expected value for the tournament?
Please show your work.
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Linear Algebra and Its Applications
Authors: David C. Lay
4th edition
321791541, 978-0321388834, 978-0321791542
