SOLUTION: A concert hall fills its venue of 1200 seats 40% of the time and fills just 900 seats 60% of the time. What is the expected number of seats sold per concert

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Question 1133634: A concert hall fills its venue of 1200 seats 40% of the time and fills just 900 seats 60% of the time. What is the expected number of seats sold per concert
Answer by greenestamps(13203) About Me  (Show Source):
You can put this solution on YOUR website!


Expected value is the sum of the products of each number and its associated probability:

.40%281200%29%2B.60%28900%29+=+480%2B540+=+1020

Expected number of seats per concert: 1020