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likoan [24]
3 years ago
8

The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w

inner is drawn at random. Find the expected value of the purchase of a ticket. (Use a negative sign in your answer, if necessary.)
Business
2 answers:
Illusion [34]3 years ago
5 0

Expected value of the purchase of a ticket would be $3.00.

<u>Explanation</u>:

Given,  

Raffle ticket costs = $5.00.  

The prize = $200.  

One hundred tickets are sold = 100 × 5  

                                                  = $500.00  

champ is drawn and given the prize of worth $200.  

                           $500 - $200 = $300  

So the normal estimation of the bought ticket = $3.00  

The expected estimation of the acquisition of a ticket would be $3.00.

   

drek231 [11]3 years ago
4 0

Answer:

$3.00

Explanation:

500 - 200 = 300.

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Jane Moreland receives $500 per month from Social Security and her husband, Josh, receives 180 percent of the amount Jane does.
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Answer:

Jane's Social security = $535.71

Josh's Social security = $964.29

Explanation:

Jane's Social security = $500

Josh's Social security = $500 x 180%

Josh's Social security = $900

Suppose In order to have $1,500 per month retirement income

Jane's Social security = X

Josh's Social security = X x 180% = 1.8X

Total Income = X + 1.8X

$1,500 = X + 1.8X

$1,500 = 2.8X

$1,500 / 2.8 = X

X = 535.71

So

Jane's Social security = X = $535.71

Josh's Social security = 1.8 x 535.71 = $964.29

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The static budget variance of​ revenues is 36000 Unfavorable

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Lincoln Corporation

Static Budget Variances

                                  Actual               Budgeted              Static Budget

                                  Units sold         Units sold                Variance

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Revenues               504000                 468000              36000 Unfavorable

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The Static Budget Variance is calculated by subtracting the budgeted amounts from the actual amounts.

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