Question

A rock concert producer has scheduled an outdoor concert. The producer estimates the attendance will depend on the weather according to the following data.

Answer 1

to find the expected attendance, multiply the attendance by probability then add the products

6000 * 0.1 = 600

25000 * 0.2 = 5000

15000 * 0.2 = 3000

55000 * 0.5 = 27500

27500 + 3000 + 5000 + 600 = 36100

36100 * 15 = 541500 - 300000 = 241500 - 55000 = 186500