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Suppose you are producing an outdoor festival. You estimate that you will make $250,000.00 if it does not rain and make $70,000.00 if it

Suppose you are producing an outdoor festival. You estimate that you will make $250,000.00 if it does not rain and make $70,000.00 if it does rain. The weather bureau predicts that the chance of rain is 29% for the day of the concert. What are your expected earnings for the festival? I expect to earn

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