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raketka [301]
3 years ago
6

Eight equal-strength players, including Alice and Bob, are randomly split into 4 pairs, and each pair plays a game (i.e. 4 games

in total), resulting in four winners. What is the probability that exactly one of Alice and Bob will be among the four winners
Business
1 answer:
Minchanka [31]3 years ago
8 0

Answer:

probability that exactly one of Alice and Bob  will be among the winners is 0.5714

Explanation:

The question is to determine the probability that oneof Alice and Bob will be among the winners

It is also important to note that Alice and Bob cannot win at the same time

Therefore,

Probability of Alice and Bob split up = 6/7

Based on this probability, we make the case as follows

First case: Alice wins and Bob loses

Probability of Alice win = 1/2

Probability of Bob lose =                    1

Probability of Alice winning and Bob losing = 1/2 x 1/2 =1/4

Second Case: Bob wins and Alice loses

Probability of Bob win = 1/2

Probability of Alice lose =                    1

Probability of Bob winning and Alice losing = 1/2 x 1/2 =1/4

Third Case

The Probability that Alice and Bob play each other = 1/7

Based on all the estalished Cases

The required probability that exactly one of Alice and Bob  will be among the winners is

(6/7 x 1/4) + (6/7 x1/4) + 1/7

= (2 x 6/7 x 1/4) + 1/7

= 6/14 + 1/7

= 3/7 +1/7

= 4/7 = 0.5714                                                  

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If the government introduced a guaranteed price floor of $40 and agreed to purchase surplus output, then the government's total
vovikov84 [41]
If the government agreed to purchase the surplus output and introduced a guaranteed price floor of $40, then most likely the government <span>'s total support payments to producers would be $4000 per week. We have a 180 quantity demanded and we have 280 quantity supplied, we will get the surplus by subtracting the supply by demand. So, 280 - 180 = 100 x price of 40 = 4000.</span>
8 0
3 years ago
The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of
Bas_tet [7]

Answer:

1. Cash balance according to bank statement $370,000

Cash balance according to company’s records $370,000

2. a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

3. $370,000

Explanation:

1. Preparation of a bank reconciliation

AMERICAN MEDICAL COMPANY

Bank Reconciliation

April 30

Cash balance according to bank statement $388,600

Add: Deposit of April 30, Not recorded by bank $42,500

Add: Bank Error in Charging check as $420 instead of $240 [$420 - $240] $180

Deduct: Outstanding Checks $61,280

Adjusted balance $370,000

Cash balance according to company’s records $334,985

Add: Note and Interest Collected by bank $42,000

Deduct: Error in Recording Check [$7,600 - $760] $6,840

Deduct: Bank Service Charges $145

Adjusted balance $370,000

2. Preparation of Journal entries.

Journal entries

a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co [$7,600 - $760] $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

($6,840+$145)

3. Based on the information given If a balance sheet is prepared for American Medical Co. on April 30, the amount that should be reported as cash will be $370,000

8 0
3 years ago
Emily Casper earns a weekly salary of $785. How much will she make after four weeks?
OleMash [197]

Answer:

$3140

Explanation:

It is given that,

Weekly salary of Emily Casper is $785. We need to find her earning after 4 weeks. It is a type of question based on the unitary method.

1 week = $785

4 week = 4 × $785

= $3140

Hence, her salary after 4 weeks is $3140.

7 0
3 years ago
How aggressively should TJX expand globally, and where, and when, to maximize the value of the company shareholders?
Anni [7]
Might have to do some personal research idk who's gonna do a whole project for you but googles a wonderful thing
6 0
3 years ago
Acme-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 24 units were purchased at $23 per unit. Au
Gnoma [55]

Answer:

Cost of goods sold= $816

Explanation:

Giving the following information:

Acme-Jones Corporation uses a weighted-average perpetual inventory system.

August 2: 24 units were purchased at $23 per unit.

August 18: 40 units were purchased at $25 per unit.

On August 29: 34 units were sold.

Weighted-average= (23 + 25)/2= $24

Cost of goods sold= 34*24= $816

5 0
3 years ago
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