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2 years ago

What was the opening price of Dow Jones Industrial Average on Feb 08, 2019 in the format of XXXXX.XX?

Business

1 answer:

KengaRu [80]2 years ago

7 0

The opening price of the Dow Jones Industrial Average on Feb 08, 2019 was 25169.53.

<h3>What was the Dow Jones Industrial Average?</h3>

On Feb 08, 2019, the Dow Jones Industrial Average opened at a price of 25169.53 which was the closing price on February 07.

At the end of the day, the value had decreased to a price of 25106.33 to show that the market at the time was bullish.

Find out more on the Dow Jones Industrial Average at brainly.com/question/20597999.

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Coffee shop owner: A large number of customers will pay at least the fair market value for a cup of coffee, even if there is no

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Answer:

The answer is: D) The shop makes a substantial proﬁt from pastries and other food bought by the coffee drinkers.

Explanation:

Once I saw this strategy being used by a chain of coffee shops that operated in large superstores. It was really successful, not only because they had a lot of clients. Most of the clients wouldn´t just buy coffee, they also bought pastries and sandwiches. This strategy was so successful that the coffee shop decided to offer free coffee to everyone. Even though you could just ask for a free coffee (after waiting 20 minutes in line), no one just got free coffee. Everyone bought something else. You could hear the other customers saying that since the coffee was free they were going to buy something.

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3 years ago

A company uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of 50,000 units, 3/4 co

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Direct Labour Cost per Equivalent Unit = $0.17

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Cost per Equivalent Unit = Total Cost / Total Equivalent Units

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In the weighted average method, the units in beginning inventory are treated as if they had no work done in them at all. They are included with all the other units completed in the period.

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3 years ago

What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont

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We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

$P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}$

$P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}$

The probability of losing would be:

P(loss) = 1 - P(win)

$P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}$

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

$= 9,999,999 X \frac{1}{15,890,700} + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37$

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