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Business, 17.10.2019 16:10 bdawg9716

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 $33,000 on a clear day and $15,000 on a cloudy day. they will make a loss of $7,000 if it rains. the weather channel has predicted a 52% chance of rain on the day of the concert. calculate the expected profit from the concert of the likelihood is 11% that it will be sunny and 37% that it will be cloudy.

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