The probability of it happening once is 1/5, since 10/50 simplifies to 1/5. Because the ticket goes back in the bag, the probability stays constant at 1/5.
For it to happen twice, you multiply the probability of it happening once, twice.
1/5 • 1/5 = 1/25 probability of it being Gary's name twice in a row.
Answer:
The venue has to host 47 events throughout the year
Step-by-step explanation:
Profit:
Profit is revenue subtracted by costs.
Per event:
$100,000 revenue
$50,000 costs
$100,000 - $50,000 = $50,000 profit.
If the venue wants to make a total profit margin of $2,350,000, how many events does the venue have to host throughout the year?
1 event - $50,000 profit.
x events - $2,350,000 profit.



The venue has to host 47 events throughout the year