MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question

A small organization is renting an outdoor arena for $1,000 and hosting a concert if it is it sunny outside they can expect to earn $6,000 in ticket sales if it rains the company will lose the $100 fee in the event will be canceled there is a 40% chance of rain on the day of the event what is the expected value of the concert

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