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Alex777 [14]
3 years ago
10

The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one:$5200 (1 chance in 89

00); $2500 (1 chance in 6400); $900 (1 chance in 3900); $100 (1 chance in 2100). Find the expected value of the amount won for one entry if the cost of entering is 57 cents.
Business
1 answer:
Alexandra [31]3 years ago
6 0

Answer:

$0.68

Explanation:

Multiply each possible prize by its likelihood and add the results in order to obtain the expected value (Note that there is a 100% of losing 0.57 cents since that is the cost of entry):

EV = 5200*\frac{1}{8900} +2500*\frac{1}{6400} +900*\frac{1}{3900}+100*\frac{1}{2100} -0.57*1\\EV= \$0.68

The expected value of the amount won for one entry if the cost of entering is 57 cents is $0.68

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Which of the following could result in higher living costs for the homeowner that the renter doesn’t have? a. Decreased proper
iren2701 [21]

Maintenance could result in higher living costs for the homeowner that the renter doesn't have.

The homeowners are more beneficial as compared to renters because the homeowners own the house as the property or the assets or can be called as the possession.

<h3>Who are the renters?</h3>

The renter is the person who takes a room or part of the house at rent and pays for the area that is utilized by the individual.

The maintenance cost is the additional cost that is paid by the renter to the homeowner in order to keep the rooms and the house well maintained.

Therefore, the correct answer is C.

Learn more about the cost of living of the homeowner and the renter here:

brainly.com/question/8755901

7 0
2 years ago
Assume the perpetual inventory method is used. The company purchased $12,500 of merchandise on account under terms 2/10, n/30. T
Natali5045456 [20]

Answer:

Net cashflow from operating activities =$7,726

Explanation:

The net cash flow from operating activities would be the sales revenue  less  net purchases.

<em>The net purchases  = total purchases - less the purchases returns</em>

12,500 - 1,200 =11300

<em>The amount due on the purchases less discount</em>

The term 2/10, n/30 implies that the company would get a discount of 2% should it pay within 10 days other it would pay the gross amount due at later date   but on or before the 30th day.

Payment due less discount = 98%× 11300  = 11,074

Net cashflow from operating activities = Net sales - purchases

                                                              =18,800 - 11,074  = 7,726

Net cashflow from operating activities =7,726

4 0
3 years ago
What criteria must be evident in order for a conflict to occur between individuals?
ArbitrLikvidat [17]
In order for a conflict to occur you only need C.
6 0
3 years ago
At a production level of 5,150 units, a project has total cash costs of $130,789. The variable cost per unit is $11.07, and the
Sphinxa [80]

Answer:

d. $73,778.50

Explanation:

Variable Cost = $11.07 per unit x 5,150 units = $57,010.50

Total Cost = $130,789

Fixed Cost = Total Cost - Variable Cost

Fixed Cost = $130,789 - $57,010.50

Fixed Cost = $73,778.50

Since Depreciation is the Fixed Cost and we have been given the Total Cost of the Project, so the Depreciation is already included in the Fixed Cost.

Hence Total Fixed Cost is equal to $73,778.50.

3 0
3 years ago
A broker desires to keep an escrow account in an interest bearing account. Would this be legal?
wolverine [178]

Answer:

the correct answer is YES

Explanation:

All parties agree and get in writing who and where the money is going

GOOD LUCK

7 0
3 years ago
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