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Mathematics, 19.03.2020 08:59 maddiemccarter3892
Organizers of an outdoor summer concert in Toronto are concerned about the weather conditions on the day of the concert. They will make a profit of $36,000 on a clear day and $17,000 on a cloudy day. They will make a loss of $5,000 if it rains. The weather channel has predicted a 48% chance of rain on the day of the concert. Calculate the expected profit from the concert if the likelihood is 13% that it will be sunny and 39% that it will be cloudy. Do not include the $ sign when you type your answer. (Blackboard can't understand it.)
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