Suppose you are producing an outdoor festival. You estimate that you will make

$300000

if it does not rain and make

$40000

if it does rain. The weather bureau predicts that the chance of rain is

41%

for the day of the concert. What are your expected earnings for the festival?\ You expect to make

Suppose you are producing an outdoor festival. You estimate that you will make $300000 if it does not rain and make $40000 if it does rain. The weather bureau predicts that the chance of rain is 41% for the day of the concert. What are your expected earnings for the festival? You expect to make $