Answer:
Explanation:
Grand prize = $15,000
Second prize = $1,500
Number of tickets sold = 12,000
The probability of getting the grand prize ($15,000) is 1/12,000
The probability of getting the second prize ($1,500) is 1/12,000
Each ticket costs $4
Expected value is -4 + 1/12,000 X 15,000 + 1/12,000 X 1,500
= -1.5.
The expected winnings for a ticket buyer is therefore -$1.5
Answer:
a. should be discouraged because it lessens a quality that makes that antique desirable
Explanation:
In pricing theory, the price for a good or service should increase as its scarcity increases. Now selling the antique at a bargain price will reduce the price of it and thereby making it less scarce and rare.
<span>The answer is a. complementary </span>
Answer:
More-deceloped country
Explanation:
Industrialized countries with high per capita incomes, such as Canada, England, France, Germany, Japan, and the United States fall into the category of more-developed country
Answer:
<em>Theory of justice
</em>
Explanation:
A Justice Theory is a 1971 work of John Rawls ' political philosophy and ethics, whereby the writer addresses the problem of distributive justice.
The principle uses a revised sort of Kantian philosophy and a variant form of conventional theory of social contracts.
