Suppose you are producing an outdoor festival. You estimate that you will make $200000 if it does not rain and make $45000 if it does rain. The weather bureau predicts that the chance of rain is 26% for the day of the concert. What are your expected earnings for the festival?

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.3: Applications: Growth And Decay
Problem 16E
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Suppose you are producing an outdoor festival. You estimate that you will make $200000 if it does not rain and make $45000 if it does rain. The weather bureau predicts that the chance of rain is 26% for the day of the concert. What are your expected earnings for the festival?

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