9
QuizMultiple Choice

Expected Value

Question 9 of 10 • Mathematics III A

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%, what is the expected value for the tournament?

Answer
–$800
–$200
$
$2,600
$
$3,400
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