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(1 point) A rock concert producer has scheduled an outdoor concert. The producer estimates the attendance will depend on the weather according to the following

(1 point) A rock concert producer has scheduled an outdoor concert. The producer estimates the attendance will depend on the weather according to the following table.

Weather Attendance Probability
wet, cold

50005000

0.20.2

wet, warm

1500015000

0.10.1

dry, cold

2000020000

0.20.2

dry, warm

4000040000

0.50.5

(a) What is the expected attendance?

answer:

What is the variance in attendance?

answer:

What is the standard deviation in attendance?

answer:

(b) If tickets cost $ 30 each and if band and administration costs are $ 300000, what is the expected profit?

answer:

What is the variance in profit?

answer:

What is the standard deviation in profit?

answer:

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