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Lelu [443]
3 years ago
13

The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be g

iven $180; if she loses, she must pay $17. If X = amount of money Mary wins (or loses), what is the expected value of X? (Round your answer to the nearest cent.)
Business
1 answer:
valkas [14]3 years ago
4 0

Answer:

Expected value of X = -11.09

Explanation:

Expected profit:

= Probability of winning × Amount she wins

= 0.03 × $180  

= 5.4

Expected loss:

= Probability of loosing × Amount she paid

= 0.97 × $17

= 16.49

Let X be amount of money Mary wins or loses.

E(X) = Expected profit - Expected loss

= 5.4 - 16.49

= -11.09

Expected value of X = -11.09

That is expected value of loss of $11.09

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The bill is voted on by senate
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econ One year a country has negative net exports. The next year it still has negative net exports and imports have risen more th
Vesnalui [34]

Answer:

its trade deficit rose

Explanation:

Trade deficit occurs when the imports of a country are higher than the exports. It is called the trade deficit. It means the country is importing more value of goods from other countries and exporting less. When Imports grows higher than the growth in exports, the trade deficit eventually rises.

8 0
3 years ago
Three cards are drawn from a deck without replacement. Find these probabilities. a. All are jacks. b. All are clubs. c. All are
AVprozaik [17]

There are 4 jacks in the deck.

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b.      All are clubs

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c.       All are red card

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6 0
3 years ago
A cash-basis individual taxpayer owns 55% of Stone, a C-corporation. Stone uses the accrual method of accounting and owes the ta
Strike441 [17]

Answer: $2,250

Explanation:

The Tax-Payer uses a cash-basis. This means that they recognize revenue or expenses only when they are actually paid as opposed to an Accrual basis entity that recognizes revenue or expenses when it is incurred.

As the Cash-Basis taxpayer is the majority shareholder of the company, Stone may not deduct the amount from income until they have paid the tax payer because tax regulations state that when an Accrual Basis entity owes a majority owner who uses the Cash basis, they may not recognize the deduction until they have paid the owner.

In year 2 they paid ½ of the rent which is,

= 4,500/2

= $2,250

They can therefore only deduct $2,250 in Year 2.

7 0
3 years ago
If you're introducing your boss, Mr. Schott, the company's president, to a visiting sales representative, Ms. West, you would sa
Paraphin [41]
Hi again!

I don't know why but I feel like your questions are funny at the same time.

Anywayz, the correct answer is option C

It shows friendship and trusted. And this is the best way to introduce someone.


I hope this helps!
8 0
3 years ago
Read 2 more answers
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