Answer:
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Step-by-step explanation:
Answer:
5
Step-by-step explanation:
Productivity: My candy bar company made 100 million bars last year, sold for $1 each. I also paid [L] people last year, with an average salary of $100K last year. I have overhead cost of $10M. What was my TOTAL productivity (no units, rounded to 2 decimal places)?
Solution:
Total productivity is the average of labour and capital productivity weighted and adjusted to price fluctuations. It is the ratio of total output to the total input. The total productivity is given by the formula:
Total productivity = total output / total input
Total output = Revenue = number of bars sold * price per bar
Total output = 100 million * $1 = $100 million
Total input = Total salary + overhead cost
Total salary = number of people * average salary = 100 *$100000 = $10 million
overhead cost = $10 million
Total input = $10 million + $10 million = $20 million
Total productivity = total output / total input = $100 million / $20 million
Total productivity = 5
<span>The urn contains 2 purple balls and 4 white balls. The player pay $4 for start the game and get $1.5 for every ball drawn until one purple ball is drawn. The maximal revenue would be $7.5 when 4 white balls and 1 purple balls are drawn.
If the purple ball is p and white ball is w, t</span>he possible sample space of drawings are {p, wp, wwp, wwwp, wwwwp}
<span>1. Write down the probability distribution for the player earning
The player earning </span>for each event depends on the number of balls drawn subtracted the ticket price.<span>
p= 2/6
The player earnings would be: 1*$1.5 -$4= - $2.5
wp= (4*2)/(6*5) = 4/15
</span>The player earnings would be: 2*1.5- $4= - $1
wwp= (4*3*2)/(6*5*4)= 1/5
The player earnings would be: 3*$1.5 -$4= $0.5
wwwp= (4*3*2*2)/(6*5*4*3*2)= 2/15
The player earnings would be: 4*$1.5 -$4= $2
wwwwp= (4*3*2*2*1)/(6*5*4*3*2*1) = 1/15
The player earnings would be: 5*$1.5 -$4= $3.5
2. Find its expected value
The expected value would be:
chance of event * earning
You need to combine the 5 possible outcomes from the number 1 to get the total expected value.
Total expected value= (1/3 * - 2.5)+ (4/15*-1) + (1/5*0.5) + (2/15 *2) + ( 1/15 *3.5)=
(-12.5 -4 + 1.5 + 4 + 3.5) /15= -$7.5
This game basically a rip off.
Yes. Any number that can be written as a fraction is defined as rational.
Answer:
Interest in 3 years = $456.52
Step-by-step explanation:
As we know the the formula of compound interest
Total amount = 
Here n = number of times amount is compounded
r = rate of interest
t = period
Here A = $2500
r = 0.0575
n = 1 (compounded annually)
t = 3 years
Therefore amount after 3 years
P =2500(1.0575)³
= 2500×1.18
= $2956.52
We have to calculate the interest then
Interest = $2956.52-$2500 = $456.52
So after 3 years interest gained = $456.52
