Answer:
Kindly check explanation
Explanation:
Given that :
Initial wealth = $1000
Cost of lottery = $5
Winning = $500
Number of players or tickets = 100
Only one winner can emerge :
P(winning) = 1/100
P(Not winning) = 1 - 1/100 = 99/100
P __ 1/100 _________ 99/100
X : [1000 + (500-5)] ___ (1000-5)
P(X): ____1/100 _______ 99/100
X : _____ 1495 _________995
Expected value E(x) :
E(X) = ΣX*p(x) = (1/100)*1495 + (99/100)*995 = 1000
C.)
Possible winning = $500 ; p(x) = 1/100
Possible loss = - 5 ;p(x) = 99/100
500 * (1/100) = 5
-5 * (99/100) = - 4.95
Σ(5 + - 4.95) = 5 - 4.95 = 0.05
Hence, gamble is favorable since 0.05 > 0
Answer:
Explanation:
a. Parties who legally own the company
The kind of corporation that is owned by the shareholders is a stock insurer. While when policy holders elect board of directors then that is call a mutual insurer. This board of director enjoys control over the management control of the corporation.
b. Right to assess policyholders additional premiums
An asses sable policy can not be issued by the stock insurers, however policy of such kind can be issued by the mutual insurer. For mutual insurer, this policy depends on what kind of insurer is in place.
c. Right of policyholders to elect the board of directors
For stock insurer, its is the stockholders who elect the board of directors. While for mutual insurer, its the owners who elect the board of directors who have an effective control over the management.
Answer:
the entire supply chain (hope this helps) pls i need one more brainly to rank up
Answer:
B
Explanation:
being unique can be good at work but making sure you're organized doing your job is vital.
Answer:
I couldn't find any possible options, but if Mel wants to expand collaborative involvement between companies, he should try to make them work together.
Mel is probably trying to sell a new software or technological device to his client, and in order to try to convince the client that his offer is the best, he could suggest that the engineers from his company work together with the engineers of the buying company in order to solve any issues or doubts that may exist. This doesn't necessarily mean that they have to come together and work side by side, now you can work together using Skype of other communications app.
