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Elena L [17]
3 years ago
3

In a certain lottery, three white balls are drawn (at random) from ten balls numbered from $1$ to $10$, and one red SuperBall is

drawn (at random) from ten balls numbered from $11$ to $20$. When you buy a ticket, you select three numbers from $1$ to $10,$ and one number from $11$ to $20$. To win the jackpot, the numbers on your ticket must match the three white balls and the red SuperBall. (You don't need to match the white balls in order). If you buy a ticket, what is your probability of winning the jackpot
Business
2 answers:
klasskru [66]3 years ago
8 0

Answer:

0.00083

Explanation:

Number of white balls = 10

Number of white balls drawn = 3

Number of red superbowl = 10

Number of red superbowl drawn = 1.

Probability of drawing first white ball = 3/10

Probability of drawing second white ball = 2/9

Probability of drawing third white ball = 1/8

Probability of drawing red superbowl = 1/10

To win the jackpot, we have:

\frac{3}{10} * \frac{2}{9} * \frac{1}{8} * \frac{1}{10}

= 0.00083

Nuetrik [128]3 years ago
4 0

Answer:

1/7,200 or 0.01389%

Explanation:

since you have to choose three numbers and one superball to win the lottery, your chances will be:

chances of getting the 3 white numbers = 1/10 x 1/9 x 1/8 = 1/720

chance of getting the superball = 1/10

chances of winning the jackpot = 1/720 x 1/10 = 1/7,200 = 0.01389%

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Vsevolod [243]

Positive risk events

5 0
3 years ago
Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service. While examinin
GalinKa [24]

Answer: Affinity pattern

Explanation:

Data mining is when patterns are being discovered in large data. From the question, we are informed that Chenrezic Music Stores, a chain of stores selling musical instruments, is trying to improve its customer service.

We are further told that while examining its checkout data, it learned that people who buy guitar covers also buy guitar straps and vice versa. In this

This shows that data mining has helped to find better ways to improve customer service has also led to the discovery of affinity pattern.

4 0
3 years ago
You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compound
Maslowich

Answer:

The retirement fund will last for 33 years and 7 months

Explanation:

We need to solve for time in an ordinary annuity

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C  $15,000.00

rate 0.004 (4.8% divide by 12 month)

PV $3,000,000

time n

15,000 \times \frac{1-(1+0.004)^{-n} }{0.004} = 3,000,000\\

we clear for n as much as we can and solve

(1+0.004)^{-n}= 1-\frac{3,000,000\times0.004}{15,000}

(1+0.004)^{-n}= 0.20

now we use logarithmic properties to solve for n:

-n= \frac{log0.2}{log(1+0.004)

-403.16  

this will be a value in months so we divide by 12 to get it annually

403/12 = 33,5833

we convert the residual to months:

0.5833 x 12 = 6.996 = 7 months

6 0
4 years ago
Activity-based costing (ABC) systems ________. A. Unselected have the same cost allocation system as plantwide and departmental
atroni [7]

Answer:

D. have separate cost allocation rates for each activity identified by the company CORRECT

There will be activity cost pool which, will be distribute among the product using different cost driver like machien hours, direct labor hours or other.

Explanation:

A. have the same cost allocation system as plantwide and departmental cost allocation systems

NO If it was, then it would not have a different name

B. have no cost allocation rates for each activity identified by the company

If we don't have rates to distrubte cost then, the allocation will be arbitrary

C. have combined cost allocation rates for each activity identified by the company

each should have different base cost driver if not, then they aren't different and should be combined.

4 0
4 years ago
Liz Raiborn Inc. has the following financial results for the years 2019 through 2021 for its three regional divisions: 2019 2020
krok68 [10]

Answer:

return on sales = operating profit / net sales

Southwest 2019 = $875 / $14,675 = 5.96%

Southwest 2020 = $975 / $21,775 = 4.48%

Southwest 2021 = $1,125 / $25,775 = 4.36%

Midwest 2019 = $1,025 / $6,475 = 15.83%

Midwest 2020 = $1,375 / $6,775 =  20.3%

Midwest 2021 = $1,325 / $6,975 = 19%

Southeast 2019 = $775 / $12,175 = 6.37%

Southeast 2020 = $975 / $12,775 = 7.63%

Southeast 2021 = $1,375 / $13,075 = 10.52%

asset turnover = net sales / average total assets

Southwest 2019 = $14,675 / $13,775 = 1.07

Southwest 2020 = $21,775 / $13,975 = 1.56

Southwest 2021 = $25,775 / $16,575 = 1.56

Midwest 2019 = $6,475 / $4,475 = 1.45

Midwest 2020 = $6,775 / $3,975 = 1.7  

Midwest 2021 = $6,975 / $3,975 = 1.75

Southeast 2019 = $12,175 / $5,075 = 2.4  

Southeast 2020 = $12,775 / $5,375 = 2.38

Southeast 2021 = $13,075 / $5,375 = 2.43

return on investment = net income / cost of investment

Southwest 2019 = $875 / $13,775 = 6.35%

Southwest 2020 = $975 / $13,975 = 6.98%

Southwest 2021 = $1,125 / $16,575 = 6.79%

Midwest 2019 = $1,025 / $4,475 = 22.9%

Midwest 2020 = $1,375 / $3,975 = 34.59%

Midwest 2021 = $1,325 / $3,975 = 33.33%

Southeast 2019 = $775 / $5,075 = 15.27%

Southeast 2020 = $975 / $5,375 = 18.14%

Southeast 2021 = $1,375 / $5,375 = 25.58%

Explanation:

Revenue 2019 2020 2021

Southwest $ 14,675 $ 21,775 $ 25,775

Midwest 6,475 6,775 6,975

Southeast 12,175 12,775 13,075

Total $ 33,325 $ 41,325 $ 45,825

Net Operating Income 2019 2020 2021

Southwest $ 875 $ 975 $ 1,125

Midwest 1,025 1,375 1,325

Southeast 775 975 1,375

Total $ 2,675 $ 3,325 $ 3,825

Average Total Assets 2019 2020 2021

Southwest $ 13,775 $ 13,975 $ 16,575

Midwest 4,475 3,975 3,975

Southeast 5,075 5,375 5,375

Total $ 23,325 $ 23,325 $ 25,925

4 0
3 years ago
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