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Your bakery paid $350 to set up a booth at a local festival, to try to reach new customers. You expect 7,200 people to visit

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Your bakery paid $350 to set up a booth at a local festival, to try to reach new customers. You expect 7,200 people to visit the festival, and figure that many of them are the kind of people who would patronize your bakery. Customer lifetime value for your bakery customers averages $186. If there is a 22% chance of converting one booth visitor into a customer, what would be the value to the bakery of one of these customer prospects? Rounding: penny. Your

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