Jarvis began operations on January 1, Year 1 with an owner investment of $12,400. There have been no additional owner investment
s. In its first two years of operations, it reported the following at its December 31 year-end.
Year 1 Year 2
Net income $ 33,600 $ 56,000
Jarvis, Withdrawals $ 19,080 $ 15,680
(a) Prepare the statement of owner's equity for Year 1 at its December 31 year end.
(b) Prepare the statement of owner's equity for Year 2 at its December 31 year end.
Year 1 Year 2
Net income $ 33,600 $ 56,000
Jarvis, Withdrawals $ 19,080 $ 15,680
(a) Prepare the statement of owner's equity for Year 1 at its December 31 year end.
(b) Prepare the statement of owner's equity for Year 2 at its December 31 year end.
1 answer:
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Answer:
Step-by-step explanation:
We know that:
In a deck of 52 cards there are 4 aces.
Therefore the probability of obtaining an ace is:
P (x) = 4/52
The probability of not getting an ace is:
P ('x) = 1-4 / 52
P ('x) = 48/52
In this problem the number of aces obtained when extracting cards from the deck is a discrete random variable.
For a discrete random variable V, the expected value is defined as:
Where V is the value that the random variable can take and P (V) is the probability that it takes that value.
We have the following equation for the expected value:
In this problem the variable V can take the value V = 9 if an ace of the deck is obtained, with probability of 4/52, and can take the value V = -1 if an ace of the deck is not obtained, with a probability of 48 / 52
Therefore, expected value for V, the number of points obtained in the game is:
So: