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

Respuesta :

your answer would b c or $2600

ogorwyne

The expected value for this tournament is given as C. $2600

How to solve for the expected value for the tournament

The cost of hosting = 1000

The amount to be gotten if sunny = 4500

The chance that it would rain = 20 percent

4500 - 1000 = 3500

Chance of rain

-1000 * 20%

= -200

3500 * (1-20%) = 2800

2800 - 200

= 2600

Hence the expected value that has been solved for the tournament is $2600

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