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Vesnalui [34]
3 years ago
6

You must pick one of two​ wagers, for an outcome based on flipping a fair coin. 1. You win ​$440 if it comes up heads and lose ​

$110 if it comes up tails. 2. You win ​$770 if it comes up heads and lose ​$220 if it comes up tails. Find the expected outcome for each wager. Which wager is better in this​ sense?
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

Answer:

See Below

Explanation:

Expected value is the sum of the products of the probability and payoff of each.

<u>Wager 1:</u>

probability of heads and tails, both is 0.5

Win = 440

Loose = 110

So,

Expected Value = 440(0.5) + (-110)(0.5) = 220 - 55 = $165

<u>Wager 2:</u>

Similar to wager 1

Win = 770

Loose = 220

So,

Expected value = 770(0.5) + (-220)(0.5) = 385 - 110 = $275

2nd wager is better, in this sense.

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Identify two employment laws which might affect<br> easyJet plc's business activities.
patriot [66]

Answer:

EasyJet Plc is the eighth largest airline in the world and the second biggest in Europe, . The business generated revenue per passenger of £58 compared with a cost per seat . The return on capital employed was just under 12% in 2017. regarding Brexit which might impact on both revenue and costs going forward.

Explanation:I dont have one  

4 0
3 years ago
UuUGgGHhH
pogonyaev

Answer:

$372.59

Explanation:

The amount deducted is 19% of $1,961

=19/100 x $1961

=0.19 x $1961

=$372.59

Amount deducted is $372.59

6 0
3 years ago
Rachel is saving her entertainment money for a summer trip to Europe, but she wants to spend time with her friends this Saturday
Vanyuwa [196]

Answer:

I'd say B,

Explanation:

becuase you dont need any money to hike and she wants to save it.

3 0
3 years ago
The price elasticity of demand measures the:
seropon [69]

Answer:

The correct answer is letter "B": magnitude of the response in quantity demanded to a change in price.

Explanation:

Price elasticity of demand is the measure of how quantity demanded for a good or service changes as a result of changes in price. <em>Price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price</em>. If the result is equal or greater than one (1) the good or service is elastic. If the result is lower than one (1), the product is inelastic.

7 0
3 years ago
Business head Brent wants to categorize items under the Challenge, Risk, and Reward headings for his IS implementation presentat
Savatey [412]

Answer:

Challenge

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  • Lack of Documentation

Risk

  • Loss of Confidentiality
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Reward

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Explanation:

A challenge is something that test you and your business. The are temporary obstacles that you have to surpass in order to be successful.

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Reward means a positive outcome that has happened because of productive decision making and effective management.  

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