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nikdorinn [45]
3 years ago
5

Cal has a choice between two gambles. The first gamble offers a 50 percent chance of winning $20 and a 50 percent chance of losi

ng $20. The second gamble offers a 20 percent chance of winning $100 and an 80% chance of losing $20. Which choice has the higher expected value?
Business
1 answer:
Ber [7]3 years ago
4 0

Answer:

The second gamble has the higher expected value. EV = 4

Explanation:

In betting, expected value can be defined as (Amount won per bet * probability of winning) – (Amount lost per bet * probability of losing)

For the first gamble:

EV=(0.5*20) - (0.5*20) = 0

For the second gamble:

EV= (0.2*100) - (0.8*20) = 4

This means that Cal is expected to earn $4 for each $20 waged on the second gamble while he is expected to break even in the first gamble.

Therefore, the second gamble has the higher expected value.

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Determine whether the following statement is true or false, and explain your reasoning:
Triss [41]

Answer:

The statement is true

Explanation:

As a fact, I agree that with large sample sizes, even the small differences between the null value and the observed point estimate can be statistically significant.

To put it differently, any differences between the null value and the observed point estimate will be material and/or significant if the samples are large in shape and form.

It's also established that point estimate get more clearer and understandable, and the difference between the mean and the null value can be easily singled out if the sample size is bigger.

Suffix to say, however, while the difference may connote a statistical importance, the practical implication notwithstanding, will be looked and studied on a different set of rules and procedures, beyond the statistical relevance.

6 0
2 years ago
a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resou
aleksley [76]

A cash cow is a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resources that may be used to <u>finance new acquisitions, fund share buyback programs, or pay dividends.</u>

What is portfolio?
A portfolio is a group of financial investments such as stocks, bonds, commodity markets, cash, and cash equivalents, which may include closed-end funds and exchange traded funds (ETFs). People commonly believe that stocks, securities, and cash form the foundation of a portfolio. While this is frequently the case, it does not have to be the rule. A portfolio may include a diverse range of assets, such as real estate, art, and investments.

You can hold and manage your portfolio a do, or you can have it managed by a money manager, money manager, or another finance professional.

Therefore, the correct option is (B) cash cow
To learn more about portfolio
brainly.com/question/25929259
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7 0
1 year ago
Jerome, Sheila, Gary, and Ella agreed to purchase a tract of land and make it available for use as a free playground for neighbo
lesya [120]

Answer:

Yes

Explanation:

The damages can be recovered as Jerome and Gary hung the playground swing improperly. A child was injured due to their negligent actions. The case will be on Meadowbrook Playground and not on the individual person who has committed the mistake. According to law, the damages can be recovered as the enterprise owned the whole property, and due to their carelessness in the installation of swing, the accident took place. The child's parent has every right to recover damages from the playground owner.

7 0
3 years ago
Britt raises money from wealthy individuals and institutional investors, and invests them in a variety of promising new companie
natita [175]

Answer:

Britt is a Financial Manager.

Explanation:

A finanacial manager in a company is a person that is responsible for the financial health or well-being of a company. As the financial manager, the roles to be played includes; making financial reports, directly investing company funds, devloping plans/ strategies for the company's long term growth or development through fund raisers or bonds or any means seen fit.

Cheers.

5 0
3 years ago
In this video, kevin describes _____ as a set of integrated software modules that support nearly all of their organization's bus
salantis [7]

In this video, kevin describes ERP as a set of integrated software modules that support nearly all of their organization's business processes.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products. It is also "any activity or business carried on for profit."

A company is an organization or company engaged in commercial, industrial, or professional activities. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietorships, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home. noun.

Learn more about business here:brainly.com/question/24553900
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5 0
1 year ago
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