Answer:
-0.75
Explanation:
We will examine the sample space, which is used in games like this one, to see the possible outcomes of the game:
H H H
H H T
H T H
T H H
T T H
T H T
H T T
T T T
The probability for getting three heads is 1/8. The probability for getting two heads is 3/8. And the probability for everything else is 1/2.
So, when the probabilities and the payouts (or losses) are put in the weighted formula, we get:
1/8*8 + 3/8*2 + 1/2*(-3) = -0.75
So the expected <em>loss </em>in the game is <u>0.75 dollars.</u>
Answer:
Compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.
Explanation:
If the tables are sold now, they would cost $305000. If an additional $315000 is spent to refinish the table, the table would the be sold for $605000, that means there would be an additional revenue of $300000 ($605000 - $305000). The company are already operating at a loss as a result of improperly finishing the table. In deciding whether to rework the tables or sell them, the company should compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.
Answer:
The predetermined overhead rate for May should be: $18.70 per direct labor hour
Explanation:
Predetermined Overhead rate is the rate that is used to allocate Overheads to Departments or Jobs.
<em>Predetermined Overhead rate = Budgeted Overheads / Budgeted Activity</em>
= $134,640/7,200
= $18.70 per direct labor hour
Answer:
The correct answer is a) gold plan
Explanation:
The gold plan, identified as an Obamacare Gold Plan, is a plan that gives a higher grade of coverage, It provides the 80% of the full actuarial value of the benefits provided under the plan. This means that you only need to pay 20% of your medical expenses in a year.