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Tasya [4]
2 years ago
5

There are three clues labeled "daily double" on the game show Jeopardy. If three equally matched contenders play, what is the pr

obability that: a. A single contestant finds all three "daily doubles"? b. The returning champion gets all three of the "daily doubles"? c. Each of the players selects precisely one of the "daily doubles"?
Business
1 answer:
yulyashka [42]2 years ago
7 0

Answer:

a)  0.0358

b)  0.0395

c)  0.1506

Explanation:

Number of clues "daily doubles" = 3

Determine the probabilities

<u>a) P(single contestant finds all three ) </u>

assuming event A= a returning champion gets the "daily double" in first trial

P(A) = 1/30 , P(~A) = 29/30              

assuming event B = any player picks up "daily double" after the first move

P(B |~A ) = 1/3

hence : P ( B and ~A ) = 29/30 * 1/3 = 29/90

<em>considering second round </em>

P(player chooses both daily doubles ) = 1/3 * 1/3 = 1/9

∴ P(single contestant finds all three )  = 29/90 * 1/9 = 0.0358

<u>B) P ( returning champion gets all three ) </u>

= (1/30 + 29/90 )* 1/9

= 32 / 810 = 0.0395

<u>c) P ( each player selects only one )</u>

P = 32/405 + 29/405

  = 61 / 405 = 0.1506

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What were joint-stock companies and monopoly companies, and how did they contribute to increased trade and exploration?
Irina-Kira [14]

Answer:

Nowadays, a joint stock company is simply a corporation whose stockholders can buy or sell the company's stocks. But 4 centuries ago, joint stock companies were very different.

Joint stock companies were used by the British Empire to set colonies around the world, e.g. the Virginia Company was chartered rights to establish and exploit colonies in British territories, which are now the US.

A joint stock company was named that way because stocks of the company were sold to rich people in England that were willing to risk money in the colonies. E.g. Jameston was founded and basically owned by the Virginia Company. Joint stock companies were vital for the colonization processes of the British Empire.

The King of England could also establish chartered companies which basically had a monopoly over the trade of certain areas, e.g. the East India Company was probably one of the most famous of them and the most powerful and wealthy.

Some chartered companies were even responsible for paying the salaries and expenses of the British government officials in foreign countries. The East India Company basically ruled over all India and had its own private army.

5 0
3 years ago
Let’s say a company that makes a consumer product such as laundry detergent asks customers to write a positive review about the
torisob [31]

A company that makes a consumer product such as laundry detergent asks customers to write a positive review about the product in exchange for a small chance of winning a $1 discount coupon.<u>The cognitive dissonance theory predict that the attitude of the customer toward the product will become Positive</u>

Explanation:

Cognitive dissonance theory talks about a state of an individuals mind in which their exist a conflict between the  attitudes, beliefs or behavior of an individual,which produces a feeling of mental stress.

As per the cognitive dissonance theory Whenever  there is an disharmony between our  attitudes or behavior , we should make effort to   eliminate the dissonance.

In the above question the company has made an effort to remove the dissonance among its customers by giving them a small chance of  winning a $1 discount coupon.Thus resulting in a positive change in the attitude of the customer.

5 0
3 years ago
If current output is $40b less than Potential GDP, how much would congress need to decrease taxes by to correct this short-run e
malfutka [58]

Answer:

Reduction in Tax Needed = $ 13.33

Explanation:

Tax Multiplier shows magnitude of change (decrease) in income due to tax change (rise) .

Tax Multiplier = ΔY / ΔT = - MPC / (1- MPC)

Given : Change in Income needed [ΔY] = 40

MPC = 0.75

Putting in formula ;

40 / ΔT  = - 0.75 / (1- 0.75)

40 / ΔT = - 0.75 / 0.25

40 / ΔT  =  - 3

ΔT = - 40/ 3

ΔT = - 13.33

6 0
3 years ago
Oriole Realty Corporation purchased a tract of unimproved land for $132,000. This land was improved and subdivided into building
finlep [7]

Answer:

<em>Net income  29503</em>

<em></em>

Explanation:

First we need to allocate the land and improvement cost over the lots, we are going to do so based on the revenue:

groups NºLot $ per Lot Revenue Cost per Group Per lot

A         9         7200 64,800 44,937.4648 4,993.0516

B          15 9600      144,000 99,861.0329 6657.4022

C          17  5760  97,920 67,905.5023 3,994.4413

Total Revenue  306720  

We divide the group revenue over the total revenue and multiply by the land

and land improvements

Then we take the allocation per group and divde over the total number of lot

<u>We do the same with the allocate expenses:</u>

groups NºLot $ per Lot Revenue Cost per Group Per lot

A           9 7200 64800 9228.169 1025.3521

B          15 9600 144000 20507.0423 1367.1362

C          17 5760 97920 13944.7887 820.2817

Total revenue  306720

   

Next we solve for the sol lots:

A 9 lots less 5 unsold = 4

B 15 lots less 7 unsold = 8

C 17 lots less 2 unsold = 15

And we proceeds to do the income statement

Revenue sold x market price

Group A 4 28800

Group B 8 76800

Group C 15 86400

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Cost lot sold x (allocate operating + allocate land and improvements)

group A     24073.6148

group B      48147.2296

group C         90276.0555

Total expenses 162496.8999

 

<em>Net income  29503</em>

3 0
3 years ago
An open market ________ leads to a(n) ________ of reserves and deposits in the banking system and hence to a(n) ________ of the
netineya [11]

Answer:

purchase; expansion; expansion

Explanation:

An open market purchase leads to a(n) expansion of reserves and deposits in the banking system and hence to a(n) expansion of the monetary base and the money supply

Open market operations is how central bank purchases or sells government securities in order to expand or contract money in the banking system and influence interest rates.

8 0
3 years ago
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