David, the promoter of an outdoor concert, expects a not profit of $100,000, unless trains, which would reduce the not p
Posted: Mon Jul 11, 2022 12:05 pm
David, the promoter of an outdoor concert, expects a not profit of $100,000, unless trains, which would reduce the not prot to $20,000. The probability of rain is 0.30 For a p of $30.000 David can purchase imurance coverage that would pay him $100,000 in case of rain Find the expected net profit when the insurance is not purchased The expected net profit will be $when the insurance is not purchased