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Taya2010 [7]
3 years ago
11

Deal or No Deal. You are a contestant with 5 suitcases left: $1 $30,000 $100,000 $300,000 $750,000 The bank offers you $250,000

to walk away from the game. Based on EXPECTED VALUE, explain whether or not you choose the deal.
Business
1 answer:
Leviafan [203]3 years ago
3 0

Answer:

Deal

Explanation:

Amount of cash left in the 5 Suitcase = $1 , $30000, $100000, $300000, $750000

The probability of selecting each bad is equal and it is 1/5

Thus, the expected value of prize = 0.2(1+30000+100000+300000+750000)

= 0.2 * 1180001

= $236,000.2 0

Since the bank is offering amount of $250,000 which is greater than the expected value, then it is considered as a deal.

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Answer:

The Atlanta's cost allocated to Nashville will be $663,500.

Explanation:

Administration: $700,000 x 80% = $560,000

Legal: $138,000 x [18,000 ÷ (18,000 + 6,000)] = $103,500

Solution: $560,000 + $103,500 = $663,500.

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3 years ago
There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er
xenn [34]

Answer:

Yes the inspector should be hired

Explanation:

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3 years ago
What activity is designed to generate a listing of potential clients?
Sidana [21]
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6 0
3 years ago
Question 2 of 10
Debora [2.8K]
B is going to be your answer
8 0
2 years ago
The marginal propensity to consume is the: ratio of consumption to income. amount consumed out of an additional dollar of income
cluponka [151]

Answer:

The correct answer is: amount consumed out of an additional dollar of income.

Explanation:

The marginal propensity to consume is a measure to show the increase in consumption of goods and services due to an increase in the disposable income of the consumer.  

It is measured by the ratio of change in consumption and change in income. It can also be calculated as 1 - MPS, where MPS is the marginal propensity to save. In other words, MPS is the ratio of change in savings and change in income.

6 0
3 years ago
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