Answer:
a) X=0 P(0)=0.9737
X=30 P(30)=0.0263
b) Mean: 0.789
SD: 4.801
c) P(X>1)=0.072
Explanation:
<em>The question is incomplete:</em>
<em>a) Let denote X your winnings when you play once. State the probability distribution of X.</em>
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<em>b) You decide to play once a minute for a total of 1050 times. Find the mean and standard deviation.</em>
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<em>c) Refer to (b). Using the Central Limit Theorem, find the probability that with this amount of roulette playing, your mean winnings is at least $1 (so, you don't lose money).</em>
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a) X has only two possible states: "0" and "30". The probability distribution for x is:
X=0 P(0)=37/38=0.9737
X=30 P(30)=1/38=0.0263
b) First, we calculate the mean and standard deviation of the population as:
Then, the sampling distribution has these mean and standard deviation:
c) If we use the CLT, we can approximate this binomial distribution with a normal distribution to facilitate the calculations.
To calculate the probabilities of a outcome that is equal or bigger than $1, we first calculate the z-value:
City miles because it makes the car have to drive at different speeds, and be stopped in traffic with several small stops and turns, whereas a highway mile is just a straight path driving at a constant speed.
Answer:
because they cant stop spending money
Explanation:
money is money
Answer:
The journal entry is as follows:
Cash A/c Dr. $2,020,000
Discount on bonds payable A/c Dr. $59,216
To Bonds payable $2,000,000
To Paid in capital - stock warrants $79,216
(To record the issuance of the bonds and warrants)
Workings:
Cash:
= 2,000 × $1,000 × 101%
= $2,020,000
Discount on bonds payable:
= 2,000,000 - 2,020,000 × (980 ÷ 1,020)
= $59,216
Answer:
A)equity theory.
Explanation:
From the question, we were informed that, if I'm a manager who made sure that rewards were distributed to my employees fairly based on their performance and that each employee clearly understood the basis for his or her own pay, In this case, I would be using equity theory. Equity theory, which is also known as Adams equity theory explained that a fair balance should exist between the input of an employee and the output, the input in this sense could be employee's skills, hardwork, the output as well could be the salaries, recognition given to employees. It should be noted that Equity theory allows to know how fair is the distribution of resources to relational partners.
