Answer:
- $0.47
Here, negative sign depicts the expected loss
Explanation:
Data provided in the question:
Bet amount for number 24 = $9
Probability of winning on number 24 =
Award amount for number 24 = $315
Probability of losing on number 24 = 1 - =
Losing amount = $9
Now,
The expected value of the game to the player
= Winning amount × Probability of winning - Losing amount × Probability of losing
= ( $315 × ) - ( $9 × )
= 8.29 - 8.76
= - $0.47
Here, negative sign depicts the expected loss
Answer: Intellectual property
Explanation:
Intellectual property is a property that is the result of the creativity of an individual or firm. Intellectual property is a form of property that includes the intangible developments of the human intellect.
Stealing of another person's or firm's intellectual property is a crime and is punishable. There are different types of intellectual property. The well-known types are patents, copyrights, trade secrets, and trademarks.
Answer: $17,000
Explanation:
Given that,
Budgeted beginning cash balance = $16,000
Budgeted cash receipts total = $188,000
Budgeted cash disbursements total = $187,000
Desired ending cash balance = $40,000
The excess (deficiency) of cash available over disbursements for June will be:
= Beginning cash balance + Cash receipts - Cash disbursements
= $16,000 + $188,000 - $187,000
= $17,000