Answer:
-0.352
Explanation:
Total number of raffle tickets sold = 14,500
1 grand prize of $6,600, 3 prizes of $800, 3 prizes of $65 and 10 prizes of $20.
Therefore,
Probability of winning 1 grand prize of $6,600 = 
Probability of winning 3 prizes of $800 = 
Probability of winning 3 prizes of $65 =
Probability of winning 10 prizes of $20 = 
Expected value:
![=[(\frac{1}{14,500}\times 6,600) + (\frac{3}{14,500}\times 800) + (\frac{3}{14,500}\times 65) + (\frac{10}{14,500}\times 20)] - 1](https://tex.z-dn.net/?f=%3D%5B%28%5Cfrac%7B1%7D%7B14%2C500%7D%5Ctimes%206%2C600%29%20%2B%20%28%5Cfrac%7B3%7D%7B14%2C500%7D%5Ctimes%20800%29%20%2B%20%28%5Cfrac%7B3%7D%7B14%2C500%7D%5Ctimes%2065%29%20%2B%20%28%5Cfrac%7B10%7D%7B14%2C500%7D%5Ctimes%2020%29%5D%20-%201)
= 0.648 - 1
= -0.352
Answer: b. Compensatory damages
Explanation:
Compensatory damages could be defined as money awarded to a party that brings a suit in civil law against a defendant; accusers for damages, or loss incurred. They are awarded in civil court. The aim of this is to help the plaintiff recover from their losses which was caused by the accused. For the accident that occured, Metro is most likely to be awarded a compensatory damages since they were hit by Logistics Trucking Company vehicle, the Metro would use the money received to fix their vehicle.
Answer:
The correct answer is b. It implies that prices reflect all available information.
Explanation:
The efficient market hypothesis is a theory initially enunciated by Eugene Fama (1970). It states that the current price of an asset in the market reflects all available information that exists (historical, public and private).
This theory considers that any news or future event that may affect the price of an asset will make the price adjust so quickly that it is impossible to obtain an economic benefit from it. Given this, it is considered a waste of time and money to try to analyze the values, since there will be no undervalued or overvalued assets in the market.
Except for college book stores, all of the following are examples of oligopolistic markets.
An oligopolistic market (also known as an oligopoly) is characterized by the dominance of a small number of businesses that provide comparable products and services over a large number of others. In an oligopolistic market, there are few competitors, which limits competition and enables every firm to thrive. The environment often encourages cooperative behavior and regular business ties between companies.
It's crucial to keep in mind that oligopolistic enterprises are those that do business in oligopolistic markets. Businesses typically determine trends and pricing by establishing alliances and agreements that set prices higher than the marginal costs of the dominant firms. It implies that businesses operating in an oligopoly fix prices to maximize their own profit. In the end, it results in alliances and partnerships that help them and other businesses, particularly smaller ones engaged in the same market or sector, succeed.
If one company in a market cuts the prices it charges for goods and services to achieve the best possible increase in sales, firms that are directly competing usually do the same, frequently igniting a price war. Oligopoly firms typically avoid engaging in such pricing wars and instead invest more funds in research to enhance their products and services and in advertising that emphasizes their advantages over rival firms selling comparable goods and services.
Learn more about oligopolistic markets here
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Answer:
The answer is C.) A targeted share repurchase is when the company purchases stock from one of the shareholder at a higher price than it offers to other shareholders.
Explanation:
This indicates that shareholders will benefit when the company is acquired because they usually receive a higher price for their shares.
A corporate body consist of a group of persons or board of directors that are chosen to govern the affairs of a corporation or other large institution.
