1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliina [53]
3 years ago
15

He offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0

for poor performance. Based on prior records, he expects an employee to perform at superior, good, fair, and poor performance levels with probabilities 0.10, 0.20, 0.50, and 0.20, respectively. Calculate the expected value of the annual bonus amount
Business
1 answer:
Alik [6]2 years ago
5 0

If he offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0 for poor performance. Based on prior records, he expects an employee to perform at superior, good, fair, and poor performance levels with probabilities 0.10, 0.20, 0.50, and 0.20, respectively. The expected value of the annual bonus amount will be: $3,700

First step

Expected value for Superior performance=$10,000×0.10

Expected value for Superior performance=$1,000

Expected value for Good performance=$6,000×0.20

Expected value for Good performance=$1,200

Expected value for Fair performance=$3,000×0.50

Expected value for Fair performance=$1,500

Expected value for Poor performance=$0×`1,500

Expected value for Poor performance=$0

Now let determine the total  expected value of the annual bonus amount

Expected value of annual bonus amount=$1,000+$1,200+$1,500+$0

Expected value of annual bonus amount=$3,700

Inconclusion if he offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0 for poor performance. Based on prior records, he expects an employee to perform at superior, good, fair, and poor performance levels with probabilities 0.10, 0.20, 0.50, and 0.20, respectively. The expected value of the annual bonus amount will be: $3,700

Learn more here:

brainly.com/question/22845794

You might be interested in
all of the following are categorizations of human activity affected by big data analytics except: trash collection. security and
xxTIMURxx [149]

Trash collection is the process of collection and removal of garbage. It does not get affect by big data analytics. Thus, the correct option is A). Trash collection.

<h3>What is the significance of the trash collection?</h3>

Trash collection is the process of the collection and removal of garbage. It is the act of picking up or collecting the garbages from various places.

Trash collection plays a very significant role in the environment. Proper garbage collection and disposal facilitates the recycling process, lessens the impact on landfills, and protects the environment by controlling the pollutants that are released.

Basically, trash collection is a part of the process of waste management.

Learn more about trash collection here:-

brainly.com/question/21865424

#SPJ4

4 0
1 year ago
In​ 2011, the value of the GDP deflator is 113. ​(Enter your response rounded to the nearest whole​ number.) In​ 2012, the value
kirill [66]

Answer:

2011 = 113

2012 = 119

Explanation:

The computation is shown below:

GDP deflator  = (Nominal GDP) ÷ (Real GDP) × 100

For 2011, it would be

                       = ($​13,495 billion) ÷ (​$11,919 billion) × 100

                       = 113

For 2012, it would be

                       = ($14,241 billion) ÷ (​$12,007 billion) × 100

                       = 119

In order to find out the GDP deflator, we divided the Nominal GDP by the Real GDP

3 0
3 years ago
As the manager of an organization that is attempting to build a marketing information system (mis), you have been informed that
lapo4ka [179]
Internal company records. That's the answer if you need me to explain it just tell me, hope it was helpful. Peace✌️
8 0
2 years ago
Silver Inc. has budgeted production costs of $3,000,000, budgeted beginning finished goods inventory of $390,000, and budgeted e
Pavlova-9 [17]

Answer:

Budgeted cost of goods sold = $3,150,000

Explanation:

Given:

Budgeted beginning finished goods inventory = $390,000

Budgeted production costs = $3,000,000

Budgeted ending finished goods inventory = $240,000

Find:

Budgeted cost of goods sold

Computation:

Budgeted cost of goods sold = budgeted beginning finished goods inventory + budgeted production costs - budgeted ending finished goods inventory

Budgeted cost of goods sold = $390,000 + $3,000,000 - $240,000

Budgeted cost of goods sold = $3,150,000

4 0
2 years ago
True or false: Subsection (d) under section 10 of the Federal Arbitration Act requires the court to review the merits of every c
Vanyuwa [196]

It is a  <u>False </u>statment to say that subsection (D) of section 10 of the Federal Arbitration Act mandate that the court review the merits of every construction of a contract. The act speaks to Arbitration.

<h3>What does the Federal Arbitration Act of the United States of America say?</h3>

Subsection (D) of section 10 of the above stated Act state that the United States Court would vacate an award upon application by any of the party to the arbitration:

<em>Where the arbitrators exceeded their power or so imperfectly executed them that a mutual, final and definite award upon the subject matter submitted was not made.</em>

See the link below for more about Arbitration:

brainly.com/question/1139969

5 0
2 years ago
Other questions:
  • In the Boston Consulting Group's Growth Share Matrix, the relative competitive position of a product or division is defined as i
    9·2 answers
  • A project layout is: Group of answer choices
    9·2 answers
  • A pair of nike tennis shoes costs $90 in the united states. if the exchange rate between the united states and mexico is 0.10 ($
    6·1 answer
  • Recently, ink has been developed that will conduct electricity. The application for this ink is to print circuitry that can be r
    11·1 answer
  • The entry to convert from the initial value method to the equity method usually involves a debit to Investment in Subsidiary acc
    15·1 answer
  • If a partnership is liquidated, how is the final allocation of business assets made to the partners? Group of answer choices
    12·1 answer
  • Ralph works in the HR department and is in charge of developing the plans for how people are paid and how the employee benefits
    5·1 answer
  • Which statement is true about popular culture and stereotypes?
    10·1 answer
  • A(n) _____ is a firm that delivers a software application, or access to an application, by charging a usage or subscription fee.
    11·1 answer
  • Alex is a member of Government Accounting Standard Body (GASB). This accounting body is not a government entity. GASB has been f
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!