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8090 [49]
3 years ago
7

Myrtle has two white balls, two black balls, and two boxes. She may place the balls in the boxes in any way she pleases. Her hus

band, Max, will then pick a box without looking into it, and with his eyes closed, pick out a ball. If he picks out a white ball, the couple wins $500. How should Myrtle arrange the balls to maximize the probability of winning?
Business
1 answer:
ololo11 [35]3 years ago
4 0

Answer:

Explanation:

Since she has two white balls and two black balls, with two boxes

And she can arrange the balls as she wishes, the way she can do it to maximize their probability of winning the $500 is to arrange the balls on top of each other, that is, the white balls should be on top of the blacks when she arranges them. This is so because, when the husband touches the ball, the first one he will pick, will be the on top, which is the white balls.

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The demand curve faced by a monopolistically competitive firm:
Salsk061 [2.6K]

Answer:

a. is more elastic than the monopolist's demand curve.

Explanation:

The correct option is a as of less control over the market price as compared to the monopolist

As the monopolist is the only seller in the market and the price maker too but the same is not happen with the monopolistic firm

Therefore the consumers would rise or decreased the demand as per the price

Hence, the correct option is a.

8 0
3 years ago
A marketing researcher wants to estimate the mean amount spent (S) on Amazon.com by Amazon Prime member shoppers. Suppose a rand
Kazeer [188]

Answer:

The answer is below

Explanation:

a)

Given that mean (μ) = $1500, standard deviation (σ) = $200, sample size (n) = 100

confidence (C) = 95% = 0.95

α = 1 -  C = 1 - 0.95 = 0.05

α/2 = 0.05 / 2 = 0.025

The z score that corresponds with 0.475 (0.5 - 0.025) is 1.96. Therefore the margin of error (E) is:

E = z_\frac{\alpha}{2} *\frac{\sigma}{\sqrt{n} } \\\\E=1.96*\frac{200}{\sqrt{100} } =39.2\\

The confidence interval = (μ ± E) = (1500 ± 39.2) = (1500 - 39.2, 1500 + 39.2) = (1460.8, 1539.2)

The confidence interval is between $1460.8 and $1539.2.

b) Given that mean (μ) = $1500, standard deviation for 100 samples =  σ /√n = $200,

confidence (C) = 95% = 0.95

E = z_\frac{\alpha}{2} *\frac{\sigma}{\sqrt{n} } \\\\E=1.96*200=392\\

The confidence interval = (μ ± E) = (1500 ± 392) = (1500 - 392, 1500 + 392) = (1108, 1892)

The confidence interval is between $1108 and $1892.

4 0
3 years ago
Claude C. Hopkins believed that advertising moved from being a _____to a science.
ANTONII [103]

I think pig in a poke ;)

7 0
4 years ago
Why does location matter?
BigorU [14]

answer: you need to know where your at

7 0
4 years ago
Rodarta Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermin
maksim [4K]

Answer:

$329 unfavorable

Explanation:

The fixed manufacturing overhead volume variance shows how much the actual production differs from the budgeted production.

Fixed manufacturing overhead volume variance is computed as;

= Actual output at budgeted rate - Budgeted fixed overhead

= (4,830 × $4.70) - ($4.70 × 4,900)

= $22,701 - $23030

= $329 unfavorable

Therefore, the overall fixed manufacturing volume variance for the month is $329 unfavorable

7 0
3 years ago
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