The answer is:
a) Gives you the expected value when you have different probabilities for different outcomes outcomes. Like if you were given a probablty table and had to compute the expected value.
b) E(X) = ∑{X * P(X)}
c) You are adding the sum of all the outcomes multiplied by each their individual probabilities for each outcome instead of just one probability.
d) Answer is -$2.50. That is if you spend the $10 for a chance to win $15,000 on average or more than likely you should expect to lose $2.50.
The expected value, also known as expectation, expectancy, mathematical expectation, mean, average, or first moment, is a generalization of the weighted average in the field of probability theory. Informally, the anticipated value is the arithmetic mean of a significant number of outcomes of a random variable that were independently chosen.
Learn more about expected value here:
brainly.com/question/28197299
#SPJ4
Answer:
The correct answer is option B, Proprietor is responsible for his own health insurance.
Explanation:
A sole proprietor is a person who runs a business on his own. He is responsible for all the profits and losses incurred to the business. He runs the business alone. He is the sole decision maker. He himself is responsible for everything happening within the business. He is the sole owner and thus is responsible for the employees' health insurance, gratuity, social security, etc. Being the only owner, he also should be responsible for his own health insurance as well.
Answer:
Conversion ratio is 25:1
Explanation:
Conversion ratio explains the number of shares that you can get for one bond. Here the number of shares that you are getting for 1 $1000 face value bond is 25 shares. Therefore, the conversion ratio is 25:1
The conversation ratio can also be calculated by dividing the par value of a bond for a share's price. As we do not have the price of 1 share, we will use the quantity to decide the conversion ratio.
Explanation:
GIVEN DATA:
Alpha reported = $200,000
withdrew = $30,000
corporate income tax rate = 30%
personal income tax rate = 15%
SOLUTION:
we get here total amount of tax collect as
total amount of tax collect = Alpha reported amount × personal income tax rate ...............1
put here value
total amount of tax collect = $200,000 × 15%
total amount of tax collect = $30,000
here no corporate tax required and partner is taxed on share of total partnership income regardless of amount withdrawn
so the correct answer is $30,000
