Mathematics, 10.03.2021 23:00 anggar20
A producer plans an outdoor regatta for May 3rd. The cost of the regatta is $8000. This includes advertising, security, printing tickets, entertainment, etc. The producer plans to make $15,000 profit if all goes well. However, if it rains, the regatta will have to be canceled. According to the weather report, the probability of rain is 0.3. Find the producers expected profit.
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A producer plans an outdoor regatta for May 3rd. The cost of the regatta is $8000. This includes adv...
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