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Umnica [9.8K]
3 years ago
12

The Powerball lottery is open to participants across several states. When entering the powerball lottery, a participant selects

five numbers from 1-59 and then selects a powerball number from the digits 1-35. In addition, there’s a $1 million payoff for anybody selecting the first five numbers correctly. • Show that the odds of winning the Powerball Jackpot are 1 in 175, 223, 510. • Show that the odds of winning the $1 million are 1 in 5, 153, 632. On February 18, 2006 the Jackpot reached $365 million. Assuming that you will either win the Jackpot or the $1 million prize, what’s your expected value of winning? Mega Millions is a similar lottery where you pick 5 balls out of 56 and a powerball from 46. Show that the odds of winning mega millions are higher than the Powerball lottery On March 30, 2012 the Jackpot reached $656 million. Is your expected value higher or lower than that calculated for the Powerball lottery?

Business
1 answer:
sweet-ann [11.9K]3 years ago
6 0

Answer:

Following is given the detailed solution to the question given.

I hope it will help you a lot!

Explanation:

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In its most recent financial statements, Del-Castillo Inc. reported $55 million of net income and $840 million of retained earni
Mashcka [7]

Answer:

Difference in retained earnings

= $840,000,000- $825,000,000

= $15,000,000

Dividend paid = Net income - Difference in retained earnings

Dividend paid = $55,000,000 - $15,000,000

Dividend paid = $40,000,000

Explanation:

In this case, there is need to determine the difference in retained earnings, which equal retained earnings at the end minus retained earnings at the beginning.

Dividend paid is calculated as net income minus difference in retained earnings.

8 0
3 years ago
Malika just got hired by Amazon to work in upper management. She currently lives in South Carolina, and has to move to Californi
zzz [600]

Answer: Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Explanation:

From the question, we are informed that Malika just got hired by Amazon to work in upper management and that she currently lives in South Carolina, and has to move to California for the job.

A good economic reason for her to move her personal belongings on her own rather than hiring someone else is Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Since her job will start in a month, that means that she can use the available time she has to move her personal belongings. Assuming, she has something else to do or she'll be busy and will be hard for her to move it on her own, then it'll be logical to request for someone to help her move it but in this case, she can move it herself as the opportunity cost is low.

4 0
3 years ago
After identifying various market segments that her company could pursue, Linda evaluated each segment's attractiveness based on
sashaice [31]

Answer:

Market Targeting

Explanation:

This is a process of identifying different segments of a market's attractiveness and identifying a particular one to enter.

It guides towards making the best decision at market selection stage ,that will be of a great value  to the organization..

The two basic stages involved are evaluating the market and selecting market target segments and targeting strategy.

Size and growth , attractiveness ,income , accessibility and availability of resources are factors to be considered during the process

8 0
3 years ago
Why would a small business conduct less marketing research than a larger, established firm?
labwork [276]
The reason is <span>Marketing research is expensive.
</span>The established firm usually has a large amount of capital at its disposal, so they could do market research in order to strengthen their position.
Small business on the other hand, usually struggle to even barely continuing their operation for the next month.
8 0
3 years ago
Read 2 more answers
In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T
gayaneshka [121]

Answer:$4$409377403

Explanation:

this is because

6 0
3 years ago
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