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Business, 03.08.2021 23:10 owensdonld

A local Little League plans to invest $10,000 to host a tournament. They expect to sell $15,000 worth of tickets and concessions that weekend, but if it rains, they won't sell any tickets and will lose all of their money. The weather forecast for the weekend has a 20% chance of rain. What is the expected net value of the tournament

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A local Little League plans to invest $10,000 to host a tournament. They expect to sell $15,000 wort...
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