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zloy xaker [14]
3 years ago
6

maxdama There are closed envelopes with $2, $4, $8, $16, $32, and $64 lined up in sorted order in front of you. Two envelopes ne

xt to each other are picked up and shuffled. One is given to you and one is given to your friend. You and you friend then open your own envelopes, look inside, and then decide whether or not to offer to trade. If you both agree to trade, then you will swap. Assume you open your envelope and see $16. Should you offer to trade?
Business
1 answer:
alexdok [17]3 years ago
5 0

Answer:

No, I wouldn't trade.

Explanation:

Originally there were 6 envelopes with money, so both my friend and I had equal chances (1/6) of getting X amount of money.

Since I got $16, that means that out of the remaining 5 possibilities, only 2 of them contain an amount higher than $16. And one of those possibilities is $64 which is the highest possible amount. If my friend has $64 in his envelope, he will definitely not trade, so that eliminates the $64 possibility.

The only four possibilities left are $2, $4, $8, and $32. Only one of them is higher than $16, while three are lower. So the chance that I get less than $16 is 3/4 or 75%.

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Harold works as head chef at the Italian Olive Restaurant in Macon, Georgia. When the management of the restaurant changed, Haro
IRINA_888 [86]

Answer:

violates common law

Explanation:

A non compete is an agreement that restricts a previous employee from working for a competitor of his former company for a given period after disengagement.

This is a contract that aims to reduce to the rate at which company secrets are shared to competitors.

The rationale is that the employee's knowledge of the company's procedures will be obsolete after some years.

However non compete should not last for a very long time. Usually non compete of more than two to three years is not honoured by courts.

So in the given scenario where Harold the head chef at the Italian Olive Restaurant signed a non compete which restricts him from opening a restaurant for the next 15 years. The court will most likely not honour the non compete because the amount of time is not reasonable.

7 0
3 years ago
Miguel is 18, and he wants to buy a car in the next few months. What type of
anygoal [31]

Answer:

I think Miguel should chose "b"

Explanation:

Reason is because he saving up to buy a car and probably won't be saving after he buys it

4 0
3 years ago
Suppose that there are two winners for the Nobel Prize in Economics this year, and suppose that one of them is a professor at yo
Ronch [10]

Answer: You would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.

Explanation:

There are two things involved in these scenario, one of them is that you would tend to sing the praises of the professor associated with your University, you would want to play the familiarity card to others of how you might know him because he teaches in your University.

The second is that you would be inquisitive about the other professor and want to know more about his profile.

But in most cases the familiarity aspect happen more than the other.

5 0
3 years ago
UPS is successful in the small package delivery market. One important reason for this success is the concept of: a. non-bureaucr
anzhelika [568]

Answer:

bureaucracy

Explanation:

According to my research on business strategies, I can say that based on the information provided within the question UPS is successful because of bureaucracy. This is a system of administration that has a clear hierarchy of authority, rigid labor, and inflexible rules and regulations, which allowed UPS to cement itself as one of the most successful delivery companies in the World.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
4 years ago
The mass culture theory results from viewing cinema as a(n)? economic institution. social institution. technological institution
Vadim26 [7]

The mass culture theory result from viewing cinema as a social institution.

Films that are widely disseminated and accessible can readily reach popular culture or mass culture.

Institutions in the theater or, more broadly, the arts have traditionally been on the front lines of managing societal crises or revolutions. Theatres serve as first responders, metaphorically, by providing locations and settings for enlarged depictions of the risks and challenges that society faces.

MASS CULTURE: Typically, the term "mass culture" refers to a culture that results from the centralized production methods used by the mass media.

The mass culture theory result from viewing cinema as a social institution.

To learn more about mass culture as a social institution, visit the following link:

brainly.com/question/16273365

#SPJ4

7 0
2 years ago
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