ICC has invested $80,000 in expenditures for the Pakistan vs India cricket match. Considering this is one of the most popular matches, they expect to sell tickets worth a total of $200,000. But if it rains on the day of game, they won't sell any tickets and will lose all the money invested. If the weather forecast for the day of game is 25% possibility of rain, calculate

1. The expected return for ICC. Is this a good investment? [2 marks]
2. The variance of the returns [2 marks]