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Let y profit total sales revenue - total cost 5x - 2000

Weather Probability = F(x) Attendance = X

Terrible weather 0.2 500

Mediocre weather 0.6 1000

Great weather 0.2 2000

(a) Suppose that each ticket costs $5 and that the total cost of giving the concert is a fixed $2000. Let Y = profit = total sales revenue - total cost = 5X - 2000. What is the expected profit?

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Basic Computer Science: Let y profit total sales revenue - total cost 5x - 2000

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Basic Computer Science: Let y profit total sales revenue - total cost 5x - 2000

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