1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
QveST [7]
3 years ago
9

A raffle has a grand prize of a European cruise valued at $15000 with a second prize of a weekend in San Diego valued at $1500.

If each ticket costs $4 and 12000 tickets are sold, what are the expected winnings for a ticket buyer
Business
1 answer:
morpeh [17]3 years ago
7 0

Answer:

Explanation:

Grand prize = $15,000

Second prize = $1,500

Number of tickets sold = 12,000

The probability of getting the grand prize ($15,000) is 1/12,000

The probability of getting the second prize ($1,500) is 1/12,000

Each ticket costs $4

Expected value is -4 + 1/12,000 X 15,000 + 1/12,000 X 1,500

= -1.5.

The expected winnings for a ticket buyer is therefore -$1.5

You might be interested in
Suppose a family-owned yogurt shop has $80,000 in total revenues, $36,000 in rent, and $20,000 in additional operating costs. Th
zzz [600]

Answer:

A. Less than $24,000.

6 0
4 years ago
Kate and Bill secured a loan with a 75% loan-to-value ratio. The interest rate was 7.125% and the term was for 30 years. The fir
Volgvan

An appraised price is an evaluation of a property's fee-based totally on a given factor in time.

An appraised cost is an evaluation of a property's value based totally on a given factor in time. The evaluation is accomplished by means of a professional appraiser for the duration of the mortgage origination technique. The appraiser is normally selected by way of the lender but the appraisal is paid for by way of the borrower.

Actual property professional opinion is typically towards the idea of paying extra than a property's appraised price. Even if you make up the difference on below-appraised assets, you may have assets well worth much less than what you paid.

If buyers are few and far among whilst you list your house, there may be a hazard the marketplace cost may be lower than the appraised price. then again, in case you're seeing a ton of interest in your own home from a couple of consumers, you could discover that the marketplace value is better than the appraisal value.

Learn more about appraised value here: brainly.com/question/26080329

#SPJ4

4 0
2 years ago
On behalf of your civic organization, you are inviting a motivational speaker to your semiannual meeting. In your request you gu
masha68 [24]

Answer:

indirect benefits

Explanation:

Based on the information provided within the question it seems that both an enthusiastic audience and a positive impact on the community emphasize indirect benefits to the motivational speaker. This refers to benefits that may not be visualized but are still achieved or gained. Enthusiastic audience may or may not be visualized depending on the situation and the speaker's ability to distinguish enthusiasm from other emotions but both that and the positive impact are being guaranteed by the civic organization to achieved by the motivational speaker.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Much of the supply of ________________ is from china and india where chemical manufacturers have less government oversight.
Eva8 [605]
The answer in the space provided is 'coming from'. It is because the countries like China and India has government which has less over sight which enables them to transport goods from chemical manufacturers because of their government that are not that strict in terms of transporting goods to other countries compared to others countries that have more over sight and are more strict.
7 0
3 years ago
The Beach Shack Company produced 5,500 cakes that require 3 standard pounds per unit at $3. 00 standard price per pound. The com
prohojiy [21]

Answer:

Explanation:

Standard pounds per cake = 3 pounds

Standard unit price = $3

Standard pounds 5500 cakes = 16,500 pounds

Actual pounds per 5500 cakes = 16,650

Variance = (16,650 - 16,500)=150

Cost of actual materials used = actual materials * standard price

=16,650*3 =49,950

Cost of work in progress = Standard materials * standard price = 16,500*3= 49.500

Direct material quantity variance = Quantity variance * 3

150*3 = 450

Journal entry

Debit work in progress = 49,500

Debit material quantity variance = 450

Credit Material = 49,950

4 0
4 years ago
Other questions:
  • Read the spreadsheet formula below, then answer the question.
    14·1 answer
  • Suppose you have a $15 gift certificate usable in three different restaurants in which you can eat lunch. Your only goal is to e
    14·1 answer
  • The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow:
    7·2 answers
  • There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er
    8·1 answer
  • Luna Manufacturing uses a process costing-system. Luna uses the weighted average method . The following information pertains to
    10·1 answer
  • One of the best ways to generate word-of-mouth advertising is
    11·1 answer
  • The beginning inventory was 300 units at a cost of $10 per unit. Goods available for sale during the year were 1,300 units at a
    14·1 answer
  • Ayayai Corporation reported net cash provided by operating activities of $345,000, net cash used by investing activities of $145
    15·1 answer
  • An individual with $32.000 in taxable income pays $970 for the 10% tax bracket, and $2,676 for the 12% bracket. What is the over
    7·1 answer
  • Indicate whether it would appear on the statement of cash flows as a(n)? operating activity, investing activity, or financing ac
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!