Question

The student council at Spend too much High School is planning a school dance. The table below shows the budget for the dance.

Answer 1

$300 income
$250 + $100 = $350 expenses

$300 - $350 = a loss of $50

Answer 2

Answer: Their expected loss is $50.

Step-by-step explanation:

Since we have given that

Amount the student council can receive by dance tickets = $300

Amount they spent on DJ Denny = $250

Amount they spent on Decoration = $100

Total amount they spent on both is given by

$\ 250+\ 100\\\\=\ 350$

Expected loss is given by Revenue-Expenses

$\ 300-\ 350\\\\=-\ 50$

Hence, their expected loss is $50.