Answered

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A concert venue has determined that they will clear a profit of $6,900 if it does not
rain on the night of a concert. If it does rain on the night of a concert, they will lose
$3,500. On the night of a concert, the chance of rain is 40%. Find the expected
profit/loss for the concert venue. You can ignore the dollar sign.

Sagot :

Answer:

E = .6 * 6900 + .4 * 3500 = 5540       expected profit

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