165k views
3 votes
A math club is researching a golf tournament fund-raiser. It will cost $1,000 to host the tournament. If it rains, the club will lose the investment. If it is sunny, it is expected that the club will collect $4,500 from the participants. If the chance of rain is 20%, solve for the expected value for the tournament.

A.) –$800
B.) –$200
C.) $2600
D.) $3400

User Griegs
by
8.1k points

2 Answers

5 votes

Answer:

Explanation:

C on edge

User Jbkunst
by
8.3k points
5 votes
Cost of hosting the tournament : $1,000
If it rains, the club will lose the investment: $ -1,000
If it is sunny, the club will collect $4,500 ; profit: 4,500 - 1000 = 3,500

chance of rain is 20%

-1,000 * 20% = -200
3,500 * 80% = 2,800

2,800 - 200 = 2,600 Choice C.
User Israel Zalmanov
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories