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3 years ago

What type of integration best describes the type of organization bp is?

Business

1 answer:

slavikrds [6]3 years ago

5 0

The type of integration that best describes the type of organization BP is vertical.

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What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont

Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

$P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}$

$P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}$

The probability of losing would be:

P(loss) = 1 - P(win)

$P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}$

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

$= 9,999,999 X \frac{1}{15,890,700} + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37$

Thus, we expect to lose $0.37 per lottery ticket

7 0

3 years ago

If a country were to place a limit on the number of cars that could be imported in a year, it would be an example of what kind o

gizmo_the_mogwai [7]

Subsidy imported. trade regulation

6 0

3 years ago

The full-production level of our economy implies ____.

drek231 [11]

Food because food is life

3 0

4 years ago

In February 2018, Brilliant Industries purchased the Topaz Mine at a cost of $10,000,000. The mine is estimated to contain 500,0

morpeh [17]

Answer:

B. Depletion will be $950,000 during 2018

Explanation:

Cost $10,000,000

Residual Value ($500,000)

Cost to be depleted $9,500,000

No. of Carats to be extracted over the life of mine 500,000

Per carat depletion (9,500,000/500,000) $19

Depletion for the year 2018 $19*50,000=$950,000

This will be deducted from revenue as depletion for the year.So option B is correct.

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3 years ago

Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?

rusak2 [61]

At the end of given period the gross profit method is required to estimate inventory.The valuation become invalid when the following are not available.the value for the beginning of inventory,records of purchase made, the total sale during the period and the gross profit margin.

5 0

3 years ago