The answer is d because d
Answer:
The correct answer is: Snob effect.
Explanation:
The Snob effect is a phenomenon that tries to explain why the demand for a good or service increases in the high-income sector while it decreases substantially in the low-income sector. This scenario is created when people need access to rare or exclusive goods or services.
The best plan of activity for Olaf is devised an arrangement by
1. getting a nitty-gritty information of the venture.
2. Dissecting the current assetsFinalizing a group
3. Performing venture review
4. Actualizing and keeping a nearby beware of the task turning points and due dates.
Answer: The expected loss is $2.3
Explanation:
Total number of tickets to be sold = 100 tickets
one $450 prize, the expected gain = 450 x (1/100) = $4.5
two $110 prizes, the expected gain = 110 x (2/100) = $2.2
four $25 prizes. the expected gain = 25 x (4/100) = $1
Expected gain (loss) = Total expected gain - Cost of the ticket
= (4.5 + 2.2 + 1 ) - 10
= (2.3)
The expected loss is $2.3
