Mathematics, 31.01.2021 14:00, brisafe2023

1. Your school wants to present a musical. Your school will earn $2,000 from ticket sales if the musical is done perfectly. If it is done well, your school will make $1,000 in ticket
sales. You have a very good theater department. So, the chance of it being done
perfectly is 70%. There is a 30% chance that it will just be done well. What is the
maximum amount that your school should invest in the musical in order to break even?
Explain.

Answers: 1

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1. Your school wants to present a musical. Your school will earn $2,000 from ticket sales if the mu...