If you bought a stock last year for a price of $129, and it has gone down 5.1% since then, how much is the stock worth now, to t
1 answer:
Answer:
<em>See below.</em>
Step-by-step explanation:
First, you want to turn the percentage into a decimal. To do that, divide the percentage by 100.
Next, multiply the percentage by the price.
rounded to the nearest cent would be
.
Last, you would subtract to find the answer.
<em>Answer: $122.42</em>
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<em>:)</em>
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Answer:
the expected value of this raffle if you buy 1 ticket = -0.65
Step-by-step explanation:
Given that :
Five thousand tickets are sold at $1 each for a charity raffle
Tickets are to be drawn at random and monetary prizes awarded as follows: 1 prize of $500, 3 prizes of $300, 5 prizes of $50, and 20 prizes of $5.
Thus; the amount and the corresponding probability can be computed as:
Amount Probability
$500 -$1 = $499 1/5000
$300 -$1 = $299 3/5000
$50 - $1 = $49 5/5000
$5 - $1 = $4 20/5000
-$1 1- 29/5000 = 4971/5000
The expected value of the raffle if 1 ticket is being bought is as follows:
Thus; the expected value of this raffle if you buy 1 ticket = -0.65