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yuradex [85]
3 years ago
12

A spinner game has a wheel with the numbers 1 through 10 marked in equally spaced slots. You pay $1 to play the game. You pick a

number from 1 to 10. If the spinner lands on your number, you win $5. Otherwise, you win nothing. Find the expected net winnings for this game. (Round your answer to two decimal places.)
Business
1 answer:
Simora [160]3 years ago
5 0

Answer:

Expected net winnings: -$0.50 per game

Explanation:

Winning Net Earnings: $5 - $1 = $4 (total earning - paid to play)

Losing Expenses = -$1 (paid to play)

Prob of winning: 1/10 = 0.10 or 10%

Prob of losing: 9/10  = 0.90 or 90%

E = sum x * P(X=x)

E = 0.10 x $4 + 0.90 x -$1 = -0.50

The expectative is to lose 0.50 every game

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g The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $385,0
slavikrds [6]

Answer:

$262,500

Explanation:

Current ratio = Current asset/Current liabilities

In line with the current ratio formula, to calculate the amount of short term debt increase, with the amount of current assets and current liabilities, we must add an amount such that the result 2.0

(1,312,500 + x) / (525,000 + x) = 2.0

Cross multiply

(1,312,500 + x) = 2.0 × (525,000 + x)

Open the brackets

1,312,500 + x = 1,050,000 + 2x

Collect like terms

1,312,500 - 1,050,000 = 2x - x

262,500 = x

It therefore means that the maximum that should be borrowed to buy inventory is $262,500

3 0
3 years ago
____________ which occurs during the third phase of the writing process, means improving the content and sentence structure of y
Ymorist [56]

Answer: Revising.

Explanation: Writing refers to a method of communication with the use of symbols, letters, alphabets and signs in an understandable and readable format. The writing process may involve prewriting,drafting , Revising and editing.

The Revision process is usually the third step in the writing process as it is done after drafting and before the final editing. It simply means taking another look at what was written. It may include addition of fact or argument, Reorganizing and Restructuring points made, Reorganizing the tenses and grammatical structure, it could also include redesigning the outlook of a presentation.

6 0
3 years ago
Conley Company has fixed costs of $8,151,000. The unit selling price, variable cost per unit, and contribution margin per unit f
cluponka [151]

Answer:

Explanation:

Zoro is 80% and 20%, respectively. Determine the break-even point in units of Yankee and Zoro.

5 0
3 years ago
Army Crew Team Case study required questions: Why does the Varsity team lose to the JV team? What should Coach P. have done diff
bagirrra123 [75]

Answer:1. The reason that the varsity team lost to JV team is lack of working together as a team.

2.Coach P. when selecting the rowers for the two teams should have looked at both the psychological(personality types and traits, if they are leader or followers etc.) as well as the physical aspect ( Stamina, Speed ,Coordination, Strength etc.) of each individual.

explanation:

1:Even though the varsity team consisted of the best individuals for speed , strength, coordination and endurance, they lacked the cohesiveness to perform as a unit. Each of the eight individual rowers had to be single-mindedly attuned to one another in order to synchronize their rowing and perform in unison. Unfortunately, the team also too many disruptor and lacked a leader.

2:The Coach should have experimented more by creating different scenarios to see how well the individuals responded and performed to one another in different situations when it came to a team environment. For example, putting the rowers in total control of the team's dynamics is the best hands on lesson they could ever experience. This would have allowed the rowers a deeper understanding what it take to be winner from a loser.

3.Coach P. should switch both the teams for Tuesday since after extensive observations and evaluation he has witnessed JV work as a better team. The JV team possessed better synergy, synchronization, and shared a common goal causing them to win more frequently than the Varsity team, despite the fact that the Varsity team had better individual members. In addition, there has been a precedent for switching boats. During the mid-1990’s, the Cornell Coach faced asimilar situation as Coach P. and as a result of him making the switch, both the JV and Varsity teams ended up winning the Eastern Championships. This demonstrates that it is more likely thatthe teams will win if they agree to switch. Moreover, even if Coach P. decided not to switch the teams, it would have taken quite a while to rebuild Varsity’s team structure, morale, and overall team synergy, implying that they probably would not have been ready in time to compete and win the race as the Varsity team anyway.

3 0
4 years ago
Your local government needs to increase tax revenue. To increase tax revenue it can either increase the property tax on resident
sweet [91]

The government wants to impose the smallest excess burden possible. My recommendation would be  to increase the property tax only on residential property because taxpayers are allowed to deduct property taxes from federal income tax inability, thus reducing the amount they must pay in federal taxes.

Explanation:

  • To increase tax revenue it can either increase the property tax on residential property or increase the property tax on all property. The government wants to impose the smallest excess burden possible.
  • to increase the property tax only on residential property because taxpayers are allowed to deduct property taxes from federal income tax inability, thus reducing the amount they must pay in federal taxes.
  • The examples of federal taxes are,
  • The Income taxes. Income taxes can be charged at the federal, state and local levels.
  • The Sales taxes. Sales taxes are taxes on goods and services purchased.
  • Payroll taxes.
  • Property taxes.
  • Estate taxes,etc

7 0
3 years ago
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