Answer:
A) There is a 50% chance the game ends in a tie, 10% chance you win (and therefore a 40% chance you lose).
expected value = (50% x 20) + (10% x 50) + (40% x 0) = 10 + 5 + 0 = 15
B) There is a 50-50 chance of winning and there are no ties.
expected value = (50% x 50) + (50% x 0) + = 25 + 0 = 25
C) There is an 80% chance you lose and a 10% chance you win or tie.
expected value = (10% x 20) + (10% x 50) + (80% x 0) = 2 + 5 + 0 = 7
The expected value of an event is determined by adding up all the possible outcomes multiplied by their respective value.
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Answer:
activity variance = $984 F
Explanation:
given data
wages and salaries = $1,420 per month
per birth = $246
planned for activity = 107 births
actual level of activity = 103 births
actual wages and salaries = $27,795
to find out
activity variance for wages and salaries
solution
we know wages and salaries cost for October is
wages and salaries Planning budget = 1420 + ( 107 × 246 )
wages and salaries Planning budget = $27742
and
Wages and salaries Flexible budget = 1420 + ( 103 × 246 )
Wages and salaries Flexible budget = $26758
so
activity variance = $27742 - $26758
activity variance = $984 F
Answer:
E: a debt of $10.7 trillion and a deficit of zero.
Explanation:
Deficits are usually financed by debt. Here the government has incurred an extra debt of $700 billion. The previous debt of $10 trillion may have been due to any reason and not necessarily deficit. However, the passage does not state if the extra debt is due to deficit or not. So it is safe to select option E.
Hence, the government has incurred a total debt of $10.7 trillion and a deficit of zero.
Answer:
Gross Profit 714,000
Explanation:
Gross Proft: is the diference between the sales revenue and the cost of the goods sold.
Sales revenue 1,254,000
Cost of Goods Sold (540,000)
Gross Profit 714,000
note: All the other account and values are irrelevant to determinate the gross profit.
<u>Other way to calculate gross profit:</u>
(sale price per unit - cost per unit) x unit sold
