In a certain card game, the probability that a player is dealt a particular hand is 0.4. Explain what this probability means. I
1 answer:
Answer with Step-by-step explanation:
Since we have given that
Probability that a player is dealt a particular hand = 0.4
When we perform any experiment in a larger number of times,
we expect 40% of the cases in favour of us i.e. getting a particular hand.
and we know that
probability is for long term not for short term.
So, we can say that
40% of the cases = 0.4 =
Hence it is satisfied.
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The required debt-equity ratio is 14:15
<u>Solution:</u>
<em>Given:</em>
Liabilities of the company = $14000
Equity of the company = $15000
<em>To calculate: </em>The debt-equity ratio
Here, the liabilities are included in the debt of the company. The debt-to-equity (D/E) ratio is calculated by dividing a company's total liabilities by its shareholder equity. Therefore, the debt equity ratio is as follows,
The debt-equity ratio reflects the ability of shareholder equity to cover all outstanding debts in the event of a business downturn.