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 $35,000 on a clear day and $10,000 on a cloudy day. They will make a loss of $5,000 if it rains. The weather channel has predicted a 53% chance of rain on the day of the concert. Calculate the expected profit from the concert if the likelihood is 10% that it will be sunny and 37% that it will be cloudy. Expected profit I