The probability that it rains on the day of the concert is: 80% or 0.8
Thus, the probability that it does not rain on the day of the concert is: 20% or 0.2.
To solve this problem we use the expected value formula:
[tex]E=\sum ^{\square}_{\square}x\cdot p(x)[/tex]Where x is the number of people who will attend on each scenario, and p(x) is the probability for such scenario.
In this case, we can interpret the formula as follows:
Expected number of people = (number of expected attendees if it does not rain*probability that it does not rain) + (number of expected attendees if it rains*probability that it rains)
Substituting the known values:
[tex]\text{Expected number of people=12,000}\cdot0.2+7000\cdot0.8[/tex]The result is:
[tex]\begin{gathered} \text{Expected number of people=}2,400+5,600 \\ \text{Expected number of people=}8,000 \end{gathered}[/tex]Answer: 8,000