A rock concert promoter has scheduled an outdoor concert on July 4th. If it does not rain, the promoter will make $34.845. If it does rain, the promoter will lose $13,531 in guarantees made to the band and other expenses. The probability of rain on the 4th is 3 (e) What is the promoter's expected profit? is the expected profit a reasonable decision criterion? (Round your answers to 1 decimal place) 34.845 -13,631 BOOK 103 07 03 20.332 (b) How much should an insurance company charge to insure the promoter's full losses? (Round final answer to the nearest dollar amount.) Al was