A local club plans to invest 10,000 php to host a baseball game. They expect to sell tickets worth 15,000 php. But if it rains on the day of the game, they won't sell any tickets and the club will lose all the money invested. If the weather forecast for the day of the game is a 20% possibility of rain, is this a good investment? Refer to the table below and write your answers on the space provided for the missing values (in red font). X P(X) X: P(X) ... Amount of Gains A C E Amount of Loss B D F H = E(X) = G Additional Instructions: Don't include php' in your answers. For letters C and D, round off your answers to 2 decimal places. A = Blank 1 B = Blank 2 C= Blank 3 D = Blank 4 E = Blank 5 F = Blank 6 G = Blank 7 %3!
A local club plans to invest 10,000 php to host a baseball game. They expect to sell tickets worth 15,000 php. But if it rains on the day of the game, they won't sell any tickets and the club will lose all the money invested. If the weather forecast for the day of the game is a 20% possibility of rain, is this a good investment? Refer to the table below and write your answers on the space provided for the missing values (in red font). X P(X) X: P(X) ... Amount of Gains A C E Amount of Loss B D F H = E(X) = G Additional Instructions: Don't include php' in your answers. For letters C and D, round off your answers to 2 decimal places. A = Blank 1 B = Blank 2 C= Blank 3 D = Blank 4 E = Blank 5 F = Blank 6 G = Blank 7 %3!
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
Related questions
Question
![A local club plans to invest 10,000 php to host a baseball game. They expect to sell tickets worth 15,000 php. But if it rains
on the day of the game, they won't sell any tickets and the club will lose all the money invested. If the weather forecast for
the day of the game is a 20% possibility of rain, is this a good investment? Refer to the table below and write your answers
on the space provided for the missing values (in red font).
X
P(X)
X: P(X)
...
Amount of Gains
A
C
E
Amount of Loss
B
H = E(X) = G
Additional Instructions: Don't include php' in your answers. For letters C and D, round off your answers to 2 decimal places.
A = Blank 1
B = Blank 2
C= Blank 3
D = Blank 4
E = Blank 5
F = Blank 6
G = Blank 7
%3!](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd892444d-4040-4b09-9b1a-a459ece3432a%2F3a418d23-7023-4c6b-a9aa-351f7c5550f2%2Fv6tvvnj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A local club plans to invest 10,000 php to host a baseball game. They expect to sell tickets worth 15,000 php. But if it rains
on the day of the game, they won't sell any tickets and the club will lose all the money invested. If the weather forecast for
the day of the game is a 20% possibility of rain, is this a good investment? Refer to the table below and write your answers
on the space provided for the missing values (in red font).
X
P(X)
X: P(X)
...
Amount of Gains
A
C
E
Amount of Loss
B
H = E(X) = G
Additional Instructions: Don't include php' in your answers. For letters C and D, round off your answers to 2 decimal places.
A = Blank 1
B = Blank 2
C= Blank 3
D = Blank 4
E = Blank 5
F = Blank 6
G = Blank 7
%3!
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