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Whitewater Rapids provides canoes to tourists eager to ride Whitewater River's rapids. Management has determined that there is a 1 0 % chance each day

Whitewater Rapids provides canoes to tourists eager to ride Whitewater River's rapids.

Management has determined that there is a

10 %

chance each day of rafting season that

operations may be cancelled due to weather. Each day of cancelled operations results in

an average profit loss of $

10, 000 .

What is the actual loss each time the weather cancellation event occurs?

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