Answer:
-0.352
Explanation:
Total number of raffle tickets sold = 14,500
1 grand prize of $6,600, 3 prizes of $800, 3 prizes of $65 and 10 prizes of $20.
Therefore,
Probability of winning 1 grand prize of $6,600 = 
Probability of winning 3 prizes of $800 = 
Probability of winning 3 prizes of $65 =
Probability of winning 10 prizes of $20 = 
Expected value:
![=[(\frac{1}{14,500}\times 6,600) + (\frac{3}{14,500}\times 800) + (\frac{3}{14,500}\times 65) + (\frac{10}{14,500}\times 20)] - 1](https://tex.z-dn.net/?f=%3D%5B%28%5Cfrac%7B1%7D%7B14%2C500%7D%5Ctimes%206%2C600%29%20%2B%20%28%5Cfrac%7B3%7D%7B14%2C500%7D%5Ctimes%20800%29%20%2B%20%28%5Cfrac%7B3%7D%7B14%2C500%7D%5Ctimes%2065%29%20%2B%20%28%5Cfrac%7B10%7D%7B14%2C500%7D%5Ctimes%2020%29%5D%20-%201)
= 0.648 - 1
= -0.352
Answer:
E) The supervisor should identify and define the type of update needed.
Explanation:
The 5 stages of the organizational decision buying process are:
- Awareness and recognition
- Specification and research
- Request for proposals
- Evaluation of proposals
- Order and review process
The supervisor already passed stage 1 since he/she realized that their was a problem and it must be solved. The supervisor is currently in stage 2 since he/she must identify what type of software update is needed. The supervisor should try to be the most specific as possible including all the technical details that he/she is aware of.
Answer:
first and foremost influenced by the economic needs that they have for quality and reliability.
Explanation:
Based on the information provided within the question it can be said that the the purchasing behavior of organizational buyers is first and foremost influenced by the economic needs that they have for quality and reliability. Since consumers want to purchase a product they can trust that will not fail after purchase and will get the job that it is suppose to do, done.
Answer:
1. $636
2. $674.16
3. $566.04
4. $534
Explanation:
PV = FV ÷ (1 + r/n)^(t × n)........(1)
PV = present value
FV = Future value
r = rate per period
t = number of years
n = number of compounded period per year
FV = P(1 + r/n)^(t×n)...............(2)
FV = Future value
P = principal
r = rate per period
n = number compounded period per year
t = number of year
NO 1.
P= $600
t = 1
n = 1
r = 6% = 0.06
Using equation 2
FV = 600(1 + 0.06/1)^(1 × 1) = $636
NO 2
P = $600
n = 1
t = 2
r = 0.06
Using equation 2
FV = 600(1 + 0.06/1)^(2 × 1) = $674.16
NO 3.
FV = $600
r = 0.06
t = 1
n = 1
Using equation 1
PV = 600 ÷ (1 + 0.06/1)^(1 × 1) = $566.04
NO 4.
FV = $600
r = 0.06
n = 1
t = 2
Using equation 1
PV = 600 ÷ (1 + 0.06/1)^(2 × 1) = $534
