Spreadsheet to find their expected profit


A garage band wants to hold the concert. The expected crowd is 3,000. The average expenditure upon concessions is $15. Tickets sell for $10 each, and band's profit is 80% of the gate, along with concession sales, minus fixed cost of $10,000. Make a general mathematical model and implement it on a spreadsheet to find their expected profit.

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Basic Statistics: Spreadsheet to find their expected profit
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