Answer:
EV = -$400
The expected value of buying the insurance policy is -$400
Explanation:
Expected value of buying the insurance policy;
EV = expected benefits - insurance cost
EV = xE - C
chances of collection being damaged x = 10% = 0.1
Insurance cost C = $500
Benefit E = $1000
Substituting the values;
EV = 0.1 × 1000 - 500 = 100 - 500
EV = -$400
The expected value of buying the insurance policy is -$400
From the available options in the question, it is clear that the career pathways that would require the highest and lowest level of education has been described in (C) the Marketing Information and Research pathway and Management and Entrepreneurship pathway contain the highest education level, and the Buying and Merchandising pathway and Professional Sales and Marketing pathway contain the lowest.
The two fields with the highest educational requirements would need at least a Bachelor’s degree for an entry level position, while latter two fields would just need a high school diploma.
Answer:
1. The disagreement between these economists is most likely due to
a. differences in values
2. Despite their differences, with which proposition are two economists chosen at random most likely to agree?
a. Lawyers make up an excessive percentage of elected officials.
Explanation:
Economists chosen at random do not usually agree on economic events and realities, instead, they are more likely to agree on issues that are not economic. They offer differing opinions based on similar principles. Most of their disagreements stem from differences in what they place their values on. Some value market-oriented approaches while others value government interventions in market situations, with other variants in-between.
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Answer:
3.37 years
Explanation:
Calculation to determine what The payback period of the project is closest to
First step is to calculate the Net Cash inflow for the year
Net Cash inflow for the year =$114,000-$31,000
Net Cash inflow for the year =83,000
Now let calculate the Payback period
Using this formula
Payback period=investment/Net Cash inflow for the year
Let plug in the formula
Payback period=$280,000/83,000
Payback period=3.37 years
Therefore The payback period of the project is closest to 3.37 years
