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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

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What is the effect on the labor market of counting marginally attached workers as​ unemployed? If we count marginally attached w
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Answer:

C. the labor force participation rate falls

Explanation:

Marginally attached workers are not part of labor force, but if they are included and are unemployed then the labor which is actually participating will fall.

As in the labor participation rate = Working labor or simply employed labor divided by total labor force.

Thus, in this case with marginally attached labor, only denominator will increase in the equation.

Therefore, this will state that the labor force participation will fall as marginally attached is considered as unemployed.

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3 years ago
Joseph purchased 100 shares of abcd growth fund for $10.00 per share for a total investment of $1,000. at the end of one year, h
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It is given that Joseph purchased 100 shares of ABCD Growth Fund for a price of $10.00 per share with a total investment of $1,000. At the end of the year he sold his investment for $11.20 per share. Find the total capital gain.

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7 0
3 years ago
A disadvantage to joining a family business is that _____.
miv72 [106K]
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4 0
3 years ago
Read 2 more answers
Patty Corporation holds 75 percent of Slider Corporation's voting common stock, acquired at book value. The fair value of the no
Marina86 [1]

Answer:

1) d. $175,000

2) b. $156,250

Explanation:

1. The computation of net income for 20X9 under the treasury stock method is shown below:-

Net income for 20X9 under the treasury stock method = Janet Operating income + Slider operating income

= $100,000 + $75,000

= $175,000

2. The computation of income assigned to the controlling interest for 20X9 is shown below:-

income assigned to the controlling interest for 20X9 = Janet Operating income + (Slider operating income × Remaining percentage)

= $100,000 + ($75,000 × 75%)

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Therefore we have applied the above formulas.

5 0
2 years ago
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Answer:

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