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MrMuchimi
3 years ago
11

You and a rival are engaged in a game in which there are three possible outcomes: you win, your rival wins (you lose), or the tw

o of you tie. You get a payoff of 50 if you win, a payoff of 20 if you tie, and a payoff of 0 if you lose. What is your expected payoff in each of the following situations where nature decides if you win or not:
A) There is a 50% chance the game ends in a tie, 10% chance you win (and therefore a 40%
chance you lose).
B) There is a 50-50 chance of winning and there are no ties.
C) There is an 80% chance you lose and a 10% chance you win or tie.
Business
1 answer:
kherson [118]3 years ago
6 0

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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icang [17]

Answer:

Opportunity

Explanation:

In the SWOT analysis, external events are classified as either Opportunities or Threats, while internal events are classified as either Strenghts or Weaknesses.

In this case, we find that Blockchain is a technology that is external to IBM, and that IBM has the technological capita, and know-how, to enter this market and develop its own version of Blockchain. For this reason, the growth of Blockchain technology represents an opportunity for IBM.

7 0
3 years ago
The most efficient combination of resources in producing a given output is the combination that:
blondinia [14]

Answer:

Option (b) is correct.

Explanation:

(a) If a producer uses the almost same quantities of all the factors of production and if marginal output remains the same then this will lead to no gains.

(b) This is done by purchasing the combination of inputs which are yielding higher marginal outputs.

(c) This would result in a loss because all the resources are not utilized properly or we can say that resources are not used at their potential.

(d) For achieving the level of profits, labor should be devoted to the work for maintaining the higher level of growth in production.

8 0
2 years ago
BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Al
ehidna [41]

Answer:

The answer is: $2,300

Explanation:

To determine the ending balance of the account Allowance for Bad Debts of Blended Corporation, we can use the following formula:

ending balance = beginning balance - amount wrote off + recorded bad debts

ending balance = $1,300 - $1,800 + $2,800 =$2,300

4 0
2 years ago
When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2
Shkiper50 [21]

Answer:

Credit, $60,000

Explanation:

Given,

Market rate = 10%

Face value $60,000 = Principal value.

When the bonds mature, the issuer records its payment of principal with credit to cash in the amount of principal value that is $60,000 because the bondholder will pay the principal with interest.

Therefore,

Bondholder will pay the $60,000 issued amount as principal because there is an additional interest amount needs to be paid.

It is credit because it is matured on the date of cash payment.

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Which three factors decrease because of protectionism?
boyakko [2]

Answer:

competition, goodwill with trade partners, and importation of goods

Explanation:

protectionism raises the cost of imported goods

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3 years ago
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