3. A concert scheduled for May 24th is creating a difficult decision for the concert promoter. Her projections show that if the concert is held indoors, the profits will likely be $17,000. An outdoor concert is much more profitable. Without rain, an outdoor concert will bring profits of $74,000. However, with rain, an outdoor concert would probably lead to a loss of $157,000. Data of rain in May shows that there is a 0.21 probability of significant rain during the evening. What is the expected value of holding the outdoor concert? Should the promoter schedule the concert for indoors or outdoors?