Answer:
I think the answer is 3.
Explanation:
For a high economy, a nation must have wealth (well there are other factors too) and for wealth it must have a mechanism for attracting savings and channeling the for money and slowly slowly the economy will start growing.
When three possibilities are equally likely and have payoffs of $3, $6, and $9. Then the expected value will be $6.
<u>What is Expected Value? </u>
Expected value refers to when you play the game it will tell you the probability or winning chance and amount to win.
Hence, in the above questions, there are equally likely possibilities.
So, in this case, the probability for each possibility is 1/3.
We can calculate the expected value (EV) as:
EV=((1/3) x $3) + ((1/3) x $6) + ((1/3) x $9)
=1 + 2 + 3
=$6
Therefore, the expected value will be $6 when three possibilities are equally likely and have payoffs of $3, $6, and $9.
You can learn more about expected value at brainly.com/question/24305645
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Answer:
CLV = [(GC * r) / (1 + i - r)] - AC]
Explanation:
CLV is the customer lifetime value which is the calculation of net profit during the tenure of relationship with the clients and customers.
The formula for CLV calculation is :
CLV = [(GC * r) / (1 + i - r)] - AC]
Where,
GC is annual gross contribution,
r is retention rate of customers
i is discount rate
AC is Acquisition cost
Answer:
The answer is 1.02
Explanation:
Asset turnover is an effiency ratio and it measures the how efficient a company is using its asset to generate profit.
The formula is Revenue or net sales / total asset
Revenue or net sales = $960,000
Total asset = $937,000
$960,000/$937,000
= 1.02
This ratio means that for every dollar in assets, the company generates $1.02
