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A local club plans to host a tennis tournament. The club will Invest $12,000 and...

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A local club plans to host a tennis tournament. The club will Invest $12,000 and hopes to sell tickets worth $18,000. The weather forecast Is a 20% chance of rain. If It does rain, the tournament will be cancelled, and the club will lose all of its Investment. Do you think this is a good Idea? Find the expected value of hosting the tournament.$6,000$2400$12,000$8,400

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