1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Volgvan
3 years ago
5

You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery

. In this lottery there are one $460 prize, two $80 prizes, and four $20 prizes. Find your expected gain or loss.
Business
1 answer:
arsen [322]3 years ago
3 0

Answer:

Expected Loss will be $3

Explanation:

Expected Loss can be calculated by  multiplying the probabilities to Net expected outcome.

Probabilities

Prize ( $460) = 1 / 100

Prize ( $80 ) = 2 / 100

Prize ( $20 ) = 4 / 100

No prize = 100/100 - (1+2+4)/100 = 93/100

Expected value = [( 460 - 10 ) x 1/100 ] + [( 80 - 10 ) x 2/100 ] + [( 20 - 10 ) x 4/100 ] + [( 0 - 10 ) x 93/100] = 4.5 + 1.4 + 0.4 - 9.3 = -$3

You might be interested in
"A representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dess
Drupady [299]

Answer:

Public appearance.

Explanation:

In this scenario, a representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dessert are being served, she intends to give a small talk about the potential benefits of investing in hedge funds. This is defined by FINRA as public appearance.

According to Financial Industry Regulatory Authority (FINRA), a public appearance can be defined as an unscripted, spontaneous live presentation to a group of people comprising of potential investors. A public appearance do not require a principal approval and are not bonded by the FINRA rules and regulations.

8 0
3 years ago
Operations management is the discipline that manages the day-to-day and tactical activity of the entire value added chain, which
makvit [3.9K]

Answer:

Operations Management:

a) true

Explanation:

Operations management ensures that the organization achieves its objectives by coordinating processes and executing them in the conversion of organizational resources into goods and services which will enable the organization to maximize profits.  It is the core of the organizational hierarchy and plays important tactical roles that deliver results.  It translates the strategic policies of top management into day-to-day actionable and deliverable processes to meet external needs (customers'), thereby generating income for the owners of the business.  Without operations management, a business remains an idea that cannot be implemented.

6 0
4 years ago
You are interested in purchasing a used car for $17,250. The dealer offers financing at a rate of 6.8% APR when the purchase is
Nastasia [14]

Answer:

<em>The monthly payments will be $353.12</em>

Explanation:

<u>Financing</u>

When a purchase is made at present value and the payment will be financed at a rate of interest i for n periods, the present value PV is

\displaystyle PV=R\cdot \frac{1-(1+i)^{-n}}{i}

where R is the regular payment (usually monthly).

Solving for R

\displaystyle R=PV\cdot \frac{i}{1-(1+i)^{-n}}

It's important to recall than only the unpaid amount goes financing, if some down-payment is made, it must be subtracted from the PV to be financed.

The present value of the car is 17,250 from which the buyer will make a 5%  down-payment. It means that the real financing amount is

PV=17,250\cdot 95\%=16,387.5

The rate of interest is

i=6.8\%=6.8/(12\cdot 100)=0.00567

It also follows that n=54.

Computing R

\displaystyle R=16,387.5\cdot \frac{0.00567}{1-(1+0.00567)^{-54}}

\boxed{R=\$353.12}

7 0
4 years ago
Information technology's primary role in supply chain management is creating the integrations, or tight process and information
RSB [31]

Answer:

<h2>The given statement is true.Hence, the answer would be option a) or true in the answer options</h2>

Explanation:

  • In business operation,one of the primary or fundamental functions or roles of information technology is to facilitate the collaboration between various operational or functional areas or departments which can enhance the productive efficiency and performance of business operation.
  • In this regard,information technology can be ideally used to assimilate or integrate between various activities or functions under business operation such as marketing,sales,finance,manufacturing,supply chain activities etc. to establish or ensure a better and strong departmental or functional coordination and synchronization.
  • Therefore,information technology also enables a better flow or movement of essential business information among the various concerned or relevant departments or components which can improve operational efficiency and inter-departmental communication process.
  • Furthermore,information technology can also be essentially employed to ensure a better cohesion,linkage and coordination among related companies or firms which can immensely facilitate inter firm communication for pertinent business purposes.This can lead to much improved and better commercial or business coordination among the related firms or companies.
4 0
3 years ago
For a mutual fund, the typical yearly management fee ranges from 2.5 to 5 percent of total dollar amount invested.
san4es73 [151]
I think the answer is B) False
8 0
3 years ago
Read 2 more answers
Other questions:
  • Hillsborough Glassware Company issues​ $1,061,000 of its​ 11%, 10-year bonds at 96 on February​ 28, 2017. The bonds pay interest
    6·1 answer
  • Generally, a high ___________ ratio could lead investors and creditors to view the company as being very risky debt to owners' e
    9·2 answers
  • When a married couple's tax liability is smaller using the married filing jointly status than it would have been if both individ
    11·1 answer
  • Floyd company purchases haeger company for $1,600,000 cash on january 1, 2015. the book value of haeger company's net assets, as
    6·1 answer
  • What is the best way to describe a stock market?
    13·1 answer
  • Which of the following is not a human resources management function?
    14·1 answer
  • Blue Guitar Music School borrowed $30,000 from the bank signing an 8%, 6-month note on November 1. Principal and interest are pa
    11·1 answer
  • Julian wants to reach potential customers based on the type of device they're using, but he doesn't know how his campaign perfor
    11·1 answer
  • Which is a man-made resource?
    6·2 answers
  • The consumer price index was 200 in 2008 and 190 in 2009. The nominal interest rate during this period was 4.5 percent. What was
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!