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maria [59]
3 years ago
15

Suppose you pay $50 to enter into a raffle with $1,000 prize. If you have a 3% chance of winning comma the expected value of you

r ticket is________.
Business
1 answer:
ikadub [295]3 years ago
3 0

Answer:

$-20

Explanation:

Calculation to determine the expected value of your ticket

Using this formula

Expected Value =∑ payoff *Probability

Let plug in the formula

Expected value of ticket =950 ∗.03+(−50) ∗(100%-3%)

Expected value of ticket =950 ∗.03+(−50) ∗.97

Expected value of ticket=−20.

Therefore the expected value of your ticket is $-20

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All airbags deploy. That's what I think anyway.
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A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i
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The dodd-frank wall street reform and protection act stipulated that if more than $1 million is collected, the whistle-blower is
kirill [66]

Question:

The Dodd-Frank wall street reform and protection act stipulated that if more than $1 million is collected, the whistle-blower is entitled to _____ of the monies collected.

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Explanation:

The Dodd–Frank Wall Street Reform and Consumer Protection Act (also known as Dodd–Frank) is a US Federal Law that was instituted on July 21, 2010.

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Under the act, whistle blowers were promised 10-30 percent of all monies collected.

Cheers!

7 0
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Answer:

Letter b is correct. <em>Private-label brand</em>

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Lawrence Wright is slow in math. He has before him the equation of (ending value minus beginning value) and income return totall
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The equation of (ending value minus beginning value) and income return totalled, then divided by beginning value is used to find "rate of return".

<h3>What is income returns?</h3>

The portion of a fund's total returns that came through income distributions is known as the income return. For bond funds, income return will frequently be larger than capital return, while for stock funds, it will typically be lower. The fund's total return is calculated by adding the income return and the capital return together.

Rate of Return- The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR).

Some key features of rate of return are-

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