Answer:
The expected value of the proposition is $2.50.
Explanation:
When a coin is tossed two times, the following is the sample space (S)
S = {HT,TH,TT,HH}
Using the information in the question, we can derive the following win/loss table:
S Probability Payoff
TH 1/4 -$30
HT 1/4 -$30
TT 1/4 -$30
HH 1/4 $100
The expected value (E) can now be calculated as follows:
E = Sum of (Probability * Payoff) = (1/4 * ($-30)) * (1/4 * ($-30)) * (1/4 * ($-30)) = (1/4 * $100) = ((1/4) * (-30)) + ((1/4) * (-30)) + ((1/4) * (-30)) + ((1/4) * 100) = $2.50
Answer:
Hii
This answer is only for points
Explanation:
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Answer:
The value of cost of goods sold is $2,730 as shown below
Explanation:
The sale of 120 units made on January 17 is valued at $1,080 (120*$9) taking from stock purchased last on January 1
The sale of 160 units on January 29 is valued at $1,650 (150 units*$11) taking the items purchased last on January 20
The cost of goods sold =$1,080+$1,650
Cost of goods sold=$2,730
The value of closing inventory=30*$9+10*$11
=$270+$110
=$380
Hence value of costs of good sold is $2,730 while closing inventory is valued at $380
B. demand and supply both decrease, leaving price essentially unchanged.
