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arsen [322]
3 years ago
10

In a coin and die game, you roll a fair six-sided die and toss a coin. If you roll a 6 and toss a tails, you gain $110. Otherwis

e, you lose $10. If you were to play the game 45 times, how much money can you expect to gain or lose?
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
8 0

Answer:

$0

Explanation:

Probability of getting a six and a tail:

= (1 ÷ 6) × (1 ÷ 2)

= 1 ÷ 12

Probability of not getting a six and a tail:

= 1 - (1 ÷ 12)

= (11 ÷ 12)

Therefore, the expected value is as follows:

= (Probability of getting a six and a tail × Gain) - (Probability of not getting a six and a tail × Lose)

= [(1 ÷ 12) × $110] - [(11 ÷ 12) × $10]

= $0

Hence,

For 45 times,

Money expected = 45 × $0

                            = $0

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Explanation:

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The venture capitalists usually fund a project in exchange for an equity stake in the business.

This could to a new started venture or pre existing businesses that need to expand to newer levels like the one year old e commerce company which is a booming industry.

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3 years ago
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Answer: A correlation of 1.00 among demand in two

Explanation:

6 0
2 years ago
A federal law that requires creditors to disclose the annual percentage rate (APR) and the finance charge as a dollar amount is
Nikolay [14]

Answer: The Truth in Lending Act (TILA) of 1968

Explanation: TILA is a law enacted by the USA federal law to protect lenders and consumers generally are treated justly.

The laws requires lenders to disclose the APR (annual percentage rate) of loans, finance charge, repayment schedule and total repayment amount in the documents to be sent  to and signed by the lenders.

This is to control the excesses of lenders and the terms used in the contact must be simple to understand by the borrowers.

8 0
4 years ago
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mash [69]

Answer:

Hence, the minimum transfer price = $2

Explanation:

Transfer price is the price at which goods are exchange between branches or divisions of the same group

Where a division is operating at the less than the existing capacity, to optimist the group profit, the minimum transfer price should be set as follows

Minimum transfer price = Variable cost

It is worthy of note that there is no opportunity cost associated with any transfer to the Cologne division because the Bottle division  is currently having excess capacity- it can meets all demands both external and internal.

<em>Therefore, any offering price equal to or above the variable manufacturing cost  of $2 would be acceptable and optimize the group profit</em>.

Hence, the minimum transfer price = $2

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3 years ago
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The behavior is unethical as the overstatement in the figures is wrong.

<h3>What is an ethical behavior?</h3>

Honesty, fairness, and equity in interpersonal, professional, and academic relationships, as well as research and scholarly activities, are characteristics of ethical behavior. Individuals and groups of people's dignity, diversity, and rights are all respected in ethical behavior.

Obedience to company rules, effective communication, taking responsibility, accountability, professionalism, trust, and mutual respect for coworkers.

In this case, for the past 10 years, the director deliberately overstated the labor and equipment needs by 20 percent when preparing the budget request. This is unethical.

In order to cut down the padding, there should be a final review on the budget before it's submitted for approval.

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1 year ago
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