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1 year ago

You draw and keep a single bill from a hat that contains $1, $10, $20, and $50 bill. what is the expected value of the game?

Business

1 answer:

svp [43]1 year ago

8 0

The Expected value of the game to you is 19 dollars. The Expected value of the game to you is 19 dollars.

Expected value (also called expected value, expected value, mathematical expected value, mean, average, or first moment) is a generalization of weighted average. Informally, the expected value is the arithmetic mean of a large number of independently selected random variables.

The expected value is the probability multiplied by the value of each outcome. For example, a 50% chance of winning $100 is worth $50 to you (if you don't mind the risk). You can use this framework to decide if you should participate in the lottery.

Learn more about Expected value here: brainly.com/question/15858152

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The price of houses in Bellevue area has been increasing by 10% since last year, according to Zillow.coma.) This is a normative

Andre45 [30]

Answer:

option D This is a positive statement

Explanation:

According to the Positive statement , it is factual and simply describing in nature.

The statement is not judgmental in nature.

While the Normative statement is judgmental in nature

Also, normative statement specifies what ought to be done.

In the statement given in the question, fact is providing about the Bellevue area by Zillow.com.

4 0

2 years ago

Accounts receivable arising from sales to customers amounted to $80,000 and $70,000 at the beginning and end of the year, respec

Oksana_A [137]

Answer:

$250,000

Explanation:

Calculation for the cash flows from operating activities to be reported on the Statement of Cash Flows

Using this formula

Cash flows=Income Statement+(Accounts receivable arising from sales)

Let plug in the formula

Cash flows=$240,000 +($80,000-$70,000)

Cash flows=$240,000 +$10,000

Cash flows=$250,000

Therefore the cash flows from operating activities to be reported on the Statement of Cash Flows is $250,000

6 0

2 years ago

The three components of pension expense that are present most often are:______.

Feliz [49]

Answer:

C. Service cost, interest cost, and expected return on plan assets.

Explanation:

A pension expression is an amount that the business charges to expense in relation to the liabilities of the pension payable of the employees and the amount of the expense vary and depends on whether the person is and to benefit from it

The components of the pension plan include the Service Cost, Interest Cost, the Return on Plan Assets, and the Prior Service Cost, and all the Gains and Losses.

The service cost includes the future compensation of the employees. The interest cost is his is interest in the projected benefit obligation.

The Actual rate of return on an asset plan is the ending plan assets, that forms the contribution and benefit payments, the gain or the loss resulting from changes in the value of a projected benefit

5 0

3 years ago

________ shows the risk per unit of return, so it provides a more meaningful risk measure when the expected returns on two alter

8_murik_8 [283]

Answer: Coefficient of variation

Explanation:

The coefficient of variation is the term which is generally used in the probability theory and also in the statistics.

This is basically used for measure the total dispersion of the frequency distribution in the probability concept.

The coefficient of variation is also called as the relative standard deviation and it is generally use to express in the form of percentage. It is basically providing the risk measure o the expected return and it also shows risk as per unit return.

Therefore, Coefficient of variation is the correct answer.

8 0

2 years ago

Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete). Start

zimovet [89]

Answer:

Part (a)

Equivalent units for materials using the weighted-average method is 70500 units

Part (b)

Equivalent units for conversion costs using the weighted-average method is 52735 units

Explanation:

Transferred Out(eqiv) Ending Inventory(equiv) Total

Materials 49600 20900 70500

Conversion Cost 49600 3135 52735

Equivalent units for materials

Transfered Out Units are 100% complete in terms of materials. Hence 49600 equivalent units.

Ending Inventory is 100% complete in terms of materials hence 20900 equivalent units.

Equivalent units for Conversion Costs

Transfered Out Units are 100% complete in terms of Conversion Costs. Hence 49600 equivalent units.

Ending Inventory is 15% complete in terms of materials hence 3135 equivalent units.

5 0

3 years ago