Answer:
Part a: The probability of breaking even in 6 tosses is 0.3125.
Part b: The probability that one payer wins all the money after the 10th toss is 0.0264.
Explanation:
Part a
P(success)=1/2=0.5
P(Failure)=1/2=0.5
Now for the break-even at the sixth toss
P(Break Even)=P(3 success out of 6)
P(3 success out of 6)
So the probability of breaking even in 6 tosses is 0.3125.
Part b:
So the probability that one of the player wins all the money after the 10th toss is given as the tenth toss is given as a win so
Wins in 9 tosses is given as 9!/7!=72
The probability that the other person wins
Wins in 8 out of 10 tosses is given as 10!/8!(10-8)!=10!/8!2!=45
So the probability of all the money is won by one of the gambler after the 10th toss is given as
P=number of wins in 9 tosses-Number of wins in 10 tosses/total number of tosses
P=(72-45)/2^16
P=0.0264
So the probability that one payer wins all the money after the 10th toss is 0.0264.
Because the people selling it needs to make profit.
Answer: The answer is $1,092,865.5426
To the nearest whole dollar, we have:
$1,092,866
Explanation: from the question above, we will be calculating the present value of a cashflow of $93,000 over a period of 20 years, at a rate of 5.76%.
We will be performing a discounting operation.
Refer to the attached files below to see the calculations and how we arrived at the answer above.
Answer:
1. Inventory account will be affected and assertions of accuracy and valuation will be violated.
2. Assets are overstated and assertion classification is violated.
3. Liability is understated and assertions of accuracy is violated.
4. No impact.
Explanation:
Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.
Answer:
Six sigma quality is the result of a well-defined and structured process.
Explanation:
Six Sigma is a methodology to improve processes that helps to concentrate in avoiding the constant changes in them eliminating problems in products delivery and customer service, among others. A key point is that the client is really important and it is crucial that the processes fulfill the clients requirements.
