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STALIN [3.7K]
3 years ago
13

Suppose we play the following game based on tosses of a fair coin. You pay me $10, and I agree to pay you $n2 if heads comes up

rst on the nth toss. If we play this game repeatedly, how much money do you expect to win or lose per game over the long run
Business
1 answer:
storchak [24]3 years ago
8 0

Answer:

$4

Explanation:

A geometric distribution is commonly known as a probability distribution that is used for the total number of Bernoulli trials computed till there is a successful trial. Therefore:

If X is the toss with the first head, then, it is a geometric distribution with p = 0.5. The payable amount (A) will be:

A = E(X^{2}) = (1+0.5)/(0.5)^2 = 1.5/0.25 = 6

If $10 is used to play the game, the loss will be 10-6 = $4 per game.

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Roger inherited 100 shares of Periwinkle stock when his mother, Emily, died. Emily had acquired the stock for a total of $60,000
Serjik [45]

Answer:

Please see attachment

Explanation:

Please see attachment

4 0
3 years ago
The current research on managerial skill points to four general management skills. Which of the following is NOT one of the four
inessss [21]

Answer: (D) Scientific

Explanation:

  According to the given question, the current research on the concept managerial skills is very important for improving the various types of management skills in an organization.

The scientific is not the managerial skills in an organization and the following are the four general management skills are:

  • Technical skills
  • Conceptual skills
  • Political skills
  • Interpersonal skills

The managerial skills is important in an organization as it has the problem solving ability and also effectively manage the performance and the opportunity in an organization.  

 Therefore, Option (D) is correct answer.

6 0
3 years ago
information systems transform raw data into information that can be used to make decisions. What is another important factor to
Reptile [31]
A) The relationship between information systems and organizations is among the fastest-changing aspect of business today.
3 0
3 years ago
Suppose that Jack and Sophia and Hal enter into an agreement for the sale of the business without the non-competition agreement.
natta225 [31]

Answer:

The answer is: C) If Jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause.

Explanation:

Non competition clause (NCC) is a legal contract that binds one party to not work for or start a rival company (in the same trade) that will compete against the other party.

In this case, Jack said he would probably agree to sign a NCC if they paid him $100,000 more, but he never said he would sign for sure the NCC. So Jack can refuse to sign the NCC and reject the extra $100,000. The selling contract would still be valid, it was never stated that if no NCC was signed, then the contract would be dismissed.  

7 0
3 years ago
Stimpleton Company engages in the following cash payments: Purchase equipment $ 3,600 Pay rent 600 Repay loan to the bank 5,000
Svetradugi [14.3K]

Answer:

$1,100

Explanation:

The operating activities are the activities that are include day to day transaction which would result in cash receipts and the cash payments

The cash receipts would be in terms of received cash from customers and the cash payments would be salary expenses, utilities expenses, etc that are paid in cash.

So, the total amount of cash paid for operating activities is

= Rent paid + workers salaries paid

= $600 + $00

= $1,100

8 0
3 years ago
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