Davit, the promoter of an outdoor concert, expects a net profit of $100,000, unless it rains, which would reduce the ner profit to $40,000. The probablify of rain is 0,30 . For a premium of $28,000 David cart purchase insurance coverage that would pay him $100,000 in case of rain. Find the expected net profit when the insurance is not purchased? The expected net prolit will bes When the insurance is not purchased