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Mathematics, 03.11.2020 16:50 uhhhhhidk

Organizers of an outdoor summer concert in Toronto are concerned about the weather conditions on the day of the concert. They will make a profit of $31,000 on a clear day and $10,000 on a cloudy day. They will make a loss of $5,000 if it rains. The weather channel has predicted a 47% chance of rain on the day of the concert. Calculate the expected profit from the concert if the likelihood is 14% that it will be sunny and 39% that it will be cloudy.

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