A garage band wants to hold a concert. The expected crowd is 2,500. The average expenditure on
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A garage band wants to hold a concert. The expected crowd is 2,500. The average expenditure on concessions is $25. Tickets sell for $20 each, and the band’s profit is 80% of the gate and concession sales minus a fixed cost of $18,000. Develop a mathematical model and implement it on a spreadsheet to find the band’s expected profit.
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