The probability that it rains on the day of the concert is: 80% or 0.8
Thus, the probability that it does not rain on the day of the concert is: 20% or 0.2.
To solve this problem we use the expected value formula:
![E=\sum ^(\square)_(\square)x\cdot p(x)](https://img.qammunity.org/2023/formulas/mathematics/high-school/z2jvkjkuesgw1qi2hczb7bw1rnvorn6p7c.png)
Where x is the number of people who will attend on each scenario, and p(x) is the probability for such scenario.
In this case, we can interpret the formula as follows:
Expected number of people = (number of expected attendees if it does not rain*probability that it does not rain) + (number of expected attendees if it rains*probability that it rains)
Substituting the known values:
![\text{Expected number of people=12,000}\cdot0.2+7000\cdot0.8](https://img.qammunity.org/2023/formulas/mathematics/high-school/fn316z5ugcz3d28zz8cwfj8saz37bl0muc.png)
The result is:
![\begin{gathered} \text{Expected number of people=}2,400+5,600 \\ \text{Expected number of people=}8,000 \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/high-school/gq9oupdbohs7urxo2i1uy05wnko5up90vz.png)
Answer: 8,000