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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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What can the publishing industry learn from the music industry?
damaskus [11]

Answer:

Simply and shortly, the only thing that the Publishing Industry can learn from the Music Industry is that you either Adapt or you Perish.

Explanation:

The music labels and record labels were reluctant to turn towards online platform based music stores and eventually when apple and the android released their iTunes and play store platforms just for the music, the whole industry business model changed and went online and the traditional music stores went to decline.

the online business model was not embraced by the traditional music stores and they paid the price for it.

Today, we see an increasing growth of E books and online publishing of books, journals, news papers, tabloids and magazines. The publishing industry will have adapt for this.

8 0
3 years ago
Derozan Corp. manufactured equipment at a cost of $366,953 and leased it to B Corp. on January 1, 2019 for an eight-year period
Pachacha [2.7K]

Answer: $‭726,957.6‬0

Explanation:

The debit to Lease Receivable is the present value of the payments to be made by B Corp. for the 8 years.

Payments are made twice a year so period is 16 periods.

Rate = 8% /2

= 4%

Present value = Payments * Present value of an annuity due factor, 16 periods, 4%

= 59,980 * 12.12

= $‭726,957.6‬0

7 0
3 years ago
You're attempting to determine the amount of usable floor space in your day care facility. Which one of the following areas can
Serjik [45]
I believe the answer is d. I hope it was right and I helped!
4 0
3 years ago
Lense Laboratories' net income was $290,000. Given the account information below, what is the net cash flows from operating acti
spin [16.1K]

Answer:

,,,,,,,,

Explanation:

7 0
3 years ago
Ford had no presence in India before 2005, but it used the __________________ approach to open its own first manufacturing unit
Daniel [21]

Answer:

Letter A is correct. <u><em>Direct investment.</em></u>

Explanation:

Direct Investment or Foreign Direct Investment is defined as international investment for the purposes of creation and operations in another country. This type of investment may establish a majority or minority interest in companies that give the investor control over the operations and activities of that company.

In the case of the matter, it involves the Ford company whose direct investment was made in India to open its own business operations in India.

It is a type of complex investment, often used by companies wishing to establish a commercial presence in foreign countries, so it involves not only capital and interest, but management systems and technology.

3 0
2 years ago
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