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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 is the diference between a conflict based on a power struggle and a conflict based on a personality difference?
saul85 [17]

Answer:

Explanation:

A conflict is said to be power-based struggle when two or more individuals are fighting for control. For example, when two countries are fighting for superiority or when two men are fighting over a political post which leads to power struggle.  on the other hand, a conflict is said to be personality difference based when two or more people  conflict based on incompatible individual attitudes. For example, imagine two people in a room living together one takes care of the house , sweep , clean , and the other doesn't care about the tidiness of the room there will be a personality difference based conflict.

in a nut-shell

conflict based on a power struggle implies a power struggle while conflict based on a personality difference involves individual habits or attitude.

8 0
3 years ago
Dermody Snow Removal's cost formula for its vehicle operating cost is $3,000 per month plus $330 per snow-day. For the month of
katovenus [111]

Answer:

390 F

Explanation:

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Actual operating cost = 11,190

Variance = 11580-11190= 390 F

6 0
4 years ago
Read 2 more answers
What does it mean if there is an asterisk next to the PSAT Selection Index score?
Kobotan [32]
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3 years ago
If people expect future earnings of Galt Corporation to be high relative to current earnings, then a. the P/E ratio of its stock
Inessa05 [86]

When earnings are expected to be high relative to current earnings, then a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low.

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This will then lead to a high P/E ratio because the price will rise but the earnings will remain the same.

Find out more on the P/E ratio at brainly.com/question/14644755.

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2 years ago
Vince wants to draw a sample of people in hawaii who own 1960s schwinn sting-ray children's bicycles, a collector's item. there
yawa3891 [41]
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3 years ago
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