You are Vice President of Ticket Sales for Toronto FC. The average price of ticket is $20, and you expect to sell 8000 tickets on any given day. However, if it rains you will only sell 1500 tickets. Tomorrow there is a 15% chance of showers. What is the expected sales revenue of tomorrow's game?
You are Vice President of Ticket Sales for Toronto FC. The average price of ticket is $20, and you expect to sell 8000 tickets on any given day. However, if it rains you will only sell 1500 tickets. Tomorrow there is a 15% chance of showers. What is the expected sales revenue of tomorrow's game?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Answer: E[X]=4.7
You are Vice President of Ticket Sales for Toronto FC. The average price of ticket is $20, and
you expect to sell 8000 tickets on any given day. However, if it rains you will only sell 1500
tickets. Tomorrow there is a 15% chance of showers. What is the expected sales revenue of
tomorrow's game?
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