Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are spades, your friend will pay you $49. Otherwise, you have to pay your friend $5. If this same bet is made 519 times, how much would you expect to win or lose? Round your answer to two decimal places. Losses must be expressed as negative values.
Answers
The expected value of this bet is $-0.10, meaning that if you were to make this bet 519 times, you would expect to lose $51.80. This is because the probability of drawing two spades from a standard deck is 0.0258, so for every 519 bets, you would expect 13 of them to be successful (0.0258 * 519). The expected value for each successful bet is 49, and for each unsuccessful bet, the expected value is -5. Therefore, the overall expected value is (13 * 49) + (-506 * 5) = -0.10.
In general, expected value is used to calculate the average winnings (or losses) of a bet over a large number of trials. It is calculated by multiplying the probability of a given outcome by the reward (or penalty) associated with that outcome, and then summing those values for all possible outcomes.
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Related Questions
Export Production,
Increases the country's stock of wealth
Allows family members to make productive use of their time
Saves money on imports
Produces enough to support the needs of the community
Answers
Answer:
Increases the country's stock of wealth
Explanation:
There are two types of businessesImportExportImport means to buy things which are made otherwhere from other countries to our own country.Export means to transfer things which are made in our country to outsideThe Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each other and can observe the prices posted on each other's marquees. Demand for gasoline in this market is Q= 80-12 and both franchises obtain gasoline from their supplier at $410 per gallon. On the day that both franchises opened for business, each owner was observed changing the price of gasoline advertised on its marquee more than 10 times: the owner of Hull lowered its price to slightly undercut Inverted V's price, and the owner of Inverted V lowered its advertised price to beat Hull's price. Since then, prices appear to have stabilized. Under current conditions, how many gallons of gasoline are sold in the market, and at what price? Instructions: Enter your responses rounded to the nearest two decimal places Gallons sold: Price: $
Answers
Answer:
I believe that the demand equation is incomplete, since there is no price (P).
If we just solve this equation like it is, the quantity demanded = 80 - 12 = 68 gallons
if we add the price into the equation:
Q = 80 - 12P
since this is a competitive market, in order to maximize profits, marginal revenue = marginal cost = $4.10 per gallon (not $410).
That means that both companies will sell gasoline at $4.10 per gallon
equilibrium quantity = 80 - (12 x 4.10) = 30.8 gallons of gasoline
Sharon joined a team that was responsible for boosting sales on last year's electronic models. The team began in January and was scheduled to run until May, meeting once a week. The team consisted of four women all with marketing and sales background. When the group first met, they learned they had much in common, outside of work. Now, the majority of time each meeting was spent talking about spouses, children shopping, and hobbies. At the first meeting in March, one of the four said, "You know, we have to have a presentation ready in less than two month. That seems to set everyone in motion. The group quickly divided responsibilities and set to work. The presentation was a success. This scenario describes
A. punctuated equilibrium
B. parallel teams
C. the storming stage of team development
D. sequential interdependence
E. similarity attraction approach
Answers
Answer:
A. Punctuated equilibrium
Reason:
Definition is a sequence of team development during which not much gets done until the halfway point of a project, after which teams make necessary changes to complete the project on time.
According to the punctuated-equilibrium model of group evolution, groups frequently advance during short bursts of change following lengthy periods without change.
Answer : A .Punctuated equilibrium is how Sharon and her team's condition is described.
Punctuated equilibrium - what is it?The team initially doesn't appear to make much progress while in punctuated equilibrium. The crew starts to work to make things happen and speed up their efforts as they get closer to their deadline.
In fact, Sharon's team experienced exactly that. The ladies initially showed a greater interest in exchanging personal experiences and anecdotes. However, they discovered their deadline was approaching about halfway through, so they started to work to finish the project.
For this question, the unanswered choices are:
punctuated equilibriumparallel teamsthe storming stage of team developmentsequential interdependencesimilarity attraction approachTo Learn more About Group, Refer:
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Goods and services that are used together—such as hot dogs and hot dog buns—are called
Answers
Goods and services that are used together in a complementary way, such as hot dogs and hot dog buns, are called "complementary goods."
Complementary goods are products or services that are often consumed or used together. The demand for one product is closely related to the demand for the other, and they are often marketed and sold together. In the case of hot dogs and hot dog buns, for example, the purchase of hot dogs typically leads to the purchase of buns, and vice versa.Other examples of complementary goods include coffee and creamer, printers and ink cartridges, and cars and gasoline. The marketing and pricing of complementary goods is often coordinated to encourage consumers to purchase both items together and to maximize overall sales.
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which one of these is an example of a necessary debt
Answers
Answer:
An example of unnecessary debt is when you change your clothes and don't really need on a high-interest score. Thus option C is correct.
What is unnecessary debt?
An unnecessary debt can be caused by a variety of issues such as expensive life events, having children, or moving to a new house. It may also be due to poor money management. The debt is due to those things that are not needed and hence are unnecessary.
Explanation:
Answer pleaseee I want fastly
Answers
Explanation:
Hey there!!!
Your required answer is option D.
Because, when you engage or serve others for money or salary or wage it is termed as wage employment.
Hope it helps...
Select a topic and develop a curriculum targeted to 6th-grade students.
Provide an outline of the material and how it will be presented.
Defend your reasoning for the mode of delivery that was selected.
Submit a 450-word response about the topic, curriculum, material outline, and presentation method.
Answers
Explanation:
Provide an outline of the material and how it will be presented.
is the correct answer .
hope it is helpful to you☺️☺️☺️
Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $18, 195 at 10% for 2 years. Use ordinary interest as needed. Calculate the simple interest note proceeds. Simple interest note proceeds $ Calculate the simple discount note proceeds. Simple discount note proceeds $
Answers
a. The proceeds for the simple interest note would be $21,834.
b. The proceeds for the simple discount note would be $14,556.
a. To calculate the proceeds for both the simple interest note and the simple discount note, we need to use the appropriate formulas.
Simple Interest Note Proceeds:
The formula to calculate the proceeds for a simple interest note is:
Proceeds = Principal + (Principal × Rate × Time)
Principal (P) = $18,195
Rate (R) = 10% (convert it to decimal form by dividing by 100: 10/100 = 0.10)
Time (T) = 2 years
Substituting the values into the formula:
Proceeds = $18,195 + ($18,195 × 0.10 × 2)
Proceeds = $18,195 + ($3,639)
Calculating the result:
Proceeds = $21,834
Therefore, the proceeds for the simple interest note would be $21,834.
b. Simple Discount Note Proceeds:
The formula to calculate the proceeds for a simple discount note is:
Proceeds = Principal - (Principal × Rate × Time)
Given the same values:
Principal (P) = $18,195
Rate (R) = 10% (convert it to decimal form by dividing by 100: 10/100 = 0.10)
Time (T) = 2 years
Substituting the values into the formula:
Proceeds = $18,195 - ($18,195 × 0.10 × 2)
Proceeds = $18,195 - ($3,639)
Calculating the result:
Proceeds = $14,556
Therefore, the proceeds for the simple discount note would be $14,556.
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what is the purpose of creating a prototype?
Answers
Answer:
Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.
Which of the 4 P's focuses on communicating the value proposition?
Answers
Answer: The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.
Explanation:
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
what do you understand by attributes in HTML?
this question is of computer.
Answers
If at the end of a period, a company has $400 in cash, $100 in accounts
receivable, and $100 in accounts payable, the post-closing trial balance will
show _____worth of debits.
A. $200
O B. $400
O C. $600
O D. $500
Answers
The post closing balance will show $500 worth of debits.
This is because if a company has $400 in cash, that is considered an asset for the company. Cash is an asset for the business.
Accounts receivable is an asset as well because it is the amount that debtors owes the business. It’s the amount that debtors should give to us the business.
which of the following accounts are typically reported on the balance sheet of a manufacturing company? (select all that apply.) multiple select question. raw materials work in process finished goods merchandise inventory cost of goods sold
Answers
Raw materials, work in process, and finished goods are typically reported on the balance sheet of a manufacturing company.
Raw materials refer to the inventory of materials that have not yet been used in the production process. Work in process refers to partially completed products that are still undergoing manufacturing operations. Finished goods refer to completed products that are ready for sale or distribution. Merchandise inventory and cost of goods sold are typically reported on the balance sheet and income statement respectively of a retail or merchandising company. In a manufacturing company, cost of goods sold is calculated as the cost of raw materials, labor, and overhead used in the production of finished goods. Therefore, it is not a separate account on the balance sheet. In summary, the accounts that are typically reported on the balance sheet of a manufacturing company include raw materials, work in process, and finished goods.
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SOMEONE HELP PLEASEEE ME AND MY MOM HAS BEEN ON THIS QUESTION FOR AN HOUR
When does information become a liability
A. when it's not managed properly
B. when there are fewer people to collect information
C. when information is not stored in paper documents
D. when information us not stored in electronic documents
Answers
Answer:
The answer is A. When its not managed properly
answer them all correct and get brainliest and 50 points
Which of the following is the best way to write a salutation in a cover letter addressed to Mr. Ravi Patel, Human Resources Manager, ABC Company?
a.
Dear Sir:
b.
To Whom It May Concern:
c.
Dear Mr. Patel:
d.
Gentlemen:
Please select the best answer from the choices provided
A
B
C
D
An excerpt of an introduction of a cover letter about an opening at Green Acres Community Center.
Which type of cover letter would the above excerpt come from?
a.
Prospecting cover letter
b.
Networking cover letter
c.
Application cover letter
d.
Follow up cover letter
Please select the best answer from the choices provided
A
B
C
D
Which of the following is NOT an example of nonverbal communication?
a.
Using facial expressions
b.
Talking on the telephone
c.
Making eye contact
d.
Making hand gestures
Please select the best answer from the choices provided
A
B
C
D
Communication may account for as much as _____ of a hiring decision.
a.
25%
b.
40%
c.
65%
d.
80%
Please select the best answer from the choices provided
A
B
C
D
The purpose of sending a thank-you letter after an interview is to _____.
a.
increase name recognition
b.
demonstrate good manners
c.
reiterate interest in a position
d.
reinforce qualifications
e.
all of the above
Please select the best answer from the choices provided
A
B
C
D
E
Answers
A
B
D
E
These are the answers that I got I’m pretty sure all of them should be right
Answer:
C
A
B
D
E
Explanation:
i just plugged them in on edge 2020
Prompt What is an economy?
Answers
Answer:
An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.
boi, why am i alive.-
Answers
Answer: so you can grow older
Explanation:
John has a gross income of $60,000. He is single and is choosing to take a deduction for all single people amounting to $6,300. What does this $6,300 represent? a standard deduction an itemized deduction an earned income credit an adjusted gross income
Answers
Answer:
A standard deduction
Explanation:
John is taking a standard deduction. A standard deduction is deduction on taxable income that the IRS allows for individuals that are not making use of itemized deductions to reduce their income tax. Standard deduction may apply to people based on status, age, disability or other criteria listed.
Standard deduction is different from itemized deduction and both cannot be used together. Itemized deduction applies by listing allowable expenses that are deducted from taxable income such as charity donations, property, medical expenses etc.
a standard deduction
do you have resources that will help you meet your needs
Answers
Answer:
yes
Explanation:
yes
Friday night is a good time to bring in the comments about me being tested for you and your team to make me want you and your team
to make comparisons of real gdp between two countries we must ______.
Answers
To compare real GDP between two countries, we must adjust the GDP figures for inflation by using a common base year. This adjustment ensures that the comparison reflects changes in output volume rather than changes in prices.
Real GDP is a measure of a country's economic output adjusted for inflation. It reflects the value of goods and services produced within a country's borders, taking into account changes in prices over time. To compare real GDP between two countries, we need to eliminate the effects of price changes and focus on changes in output.
To do this, economists use a technique called GDP deflator or chain-weighted price index. This index adjusts the GDP figures for inflation by comparing the current year's prices to a base year's prices. By using a common base year, we can measure the changes in output volume accurately and make meaningful comparisons between countries.
The formula for calculating real GDP is:
Real GDP = Nominal GDP / GDP deflator
The GDP deflator is calculated as:
GDP deflator = (Nominal GDP / Real GDP) * 100
By dividing the nominal GDP by the GDP deflator, we can obtain the real GDP, which represents the economic output adjusted for inflation. This allows us to compare the real economic performance of two countries and analyze changes in output over time, independent of changes in prices.
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Consider the following data for a nation. Year Nominal GDP Price Index 1 $35 90 2 40 100 3 45 110 4 48 120 5 56 140 The country's real GDP declined between years rev: 04_09_2018 Multiple Choice 1 and 2. 2 and 3. 3 and 4. 4 and 5.
Answers
Answer:
The correct option is the country's real GDP declined between years 3 and 4.
Explanation:
The data given in the question are first properly presented before answering the question as follows:
Year Nominal GDP Price Index
1 $35 90
2 40 100
3 45 110
4 48 120
5 56 140
The decline in real GDP can now be determined by calculating the the real GDP for each year using the following formula:
Real GDP in a particular year = (Nominal GDP in the year / Price index in the year) * 100 ................... (1)
Using equation (1), we therefore have:
Real GDP in Year 1 = ($35 / 90) * 100 = $38.89
Real GDP in Year 2 = ($40 / 100) * 100 = $40.00
Real GDP in Year 3 = ($45 / 110) * 100 = $40.91
Real GDP in Year 4 = ($48 / 120) * 100 = $40.00
Real GDP in Year 4 = ($56 / 140) * 100 = $40.00
From the above calculations, it can be seen that the real GDP declined from $40.91 in Year 3 to $40.00 in Year 4. Therefore, the correct option is the country's real GDP declined between years 3 and 4.
What objective can a smart budget fulfill for an individual as well as an organization?
A.
helps to map expenses and control spending
B.
helps to find new avenues for income
C.
helps to reduce the amount paid towards taxes
D.
helps to indulge in over spending
Answers
The answer is A........
_____ list the knowledge, skills, and abilities (ksas) an individual needs to perform a job satisfactorily.
Answers
Job specifications list the knowledge, skills, and abilities (KSAs) an individual needs to perform a job satisfactorily.
Knowledge is defined as something learned, understood, or conscious. One example of knowledge is learning the alphabet. One example of knowledge is the ability to find places. One example of knowledge is remembering details about an event.
Knowledge refers to information or knowledge gained through experience or education, understanding refers to knowing or realizing the intended meaning or cause of something. Knowledge is better than understanding. Knowledge and understanding go hand in hand.
Knowledge is the understanding and perception of something. It refers to information, facts, skills and wisdom acquired through learning and experience in life.
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TRUE/FALSE. XY Inc. operates in heavy machinery industry. In year 2021, its total debt ratio is 0.71, and its industry mean total debt ratio is 0.62, this suggests that XY is less leveraged than its peers.
Answers
False. A total debt ratio of 0.71 indicates that XY Inc. has a higher level of leverage compared to its industry peers, as it means that 71% of its total assets are financed by debt. In contrast, the industry mean total debt ratio of 0.62 suggests that, on average, companies in the heavy machinery industry have a lower level of leverage.
A lower total debt ratio would indicate a lower proportion of debt in the capital structure and hence lower leverage. Therefore, based on the given information, XY Inc. is actually more leveraged than its peers in the industry.
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The INS, or Immigration and Naturalization Service, was reorganized in 2003 and became incorporated into _____.
the Department of Homeland Security
the U.S. Marshals Service
the National Security Council
the Justice Department
Answers
Answer: the department of homeland security
Explanation:
Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C
Answers
Answer:
a) I
Explanation:
The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.
What is true of a long term investment?
Answers
Holding various assets, such as mutual funds, securities, shares, and stocks for longer than a year is referred to as long-term investing.
What is long-term investing ?The two criteria for short-term are not met by a long-term investment. Marketable securities, such as bonds or stocks, make up the majority of long-term investments. On the balance sheet, long-term investments are listed as noncurrent assets, whereas short-term investments are categorised as current assets.Assets that a person or business wants to hold for a duration of more than three years are considered long-term investments. Stocks, property, cash, and other assets can be used to facilitate long-term investments. Long-term investors assume a high level of risk in search of greater rewards.Long-term investing is probably going to result in significant wealth creation. Many people rely on long-term investment returns to plan their financial future since they lack the expertise necessary to participate in derivative markets. It might also consist of interest earned on fixed deposits and dividend income from stock ownership.To learn more about long-term investing refer :
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Why is it important to write a zero-based budget every month?
Answers
Answer:
It is important to write a zero-based budget every month because the zero-based budget ensures that every dollar you make is assigned a specific purpose.
Explanation:
managers will often allocate common fixed expenses to business segments because:
Answers
Managers often allocate common fixed expenses to business segments because it allows them to better understand the profitability of each segment.
Common fixed expenses are expenses that cannot be directly traced to a specific segment, such as rent or salaries for top-level management. By allocating these expenses to each segment based on a predetermined allocation method, managers can more accurately determine the cost of each segment's operations.
This is important because it allows managers to make informed decisions about which segments to invest in or divest from. If one segment appears to be less profitable than the others, managers may decide to reduce its funding or discontinue its operations altogether. Additionally, allocating common fixed expenses can also help with performance evaluation and incentive compensation.
However, it is important to note that the method used to allocate common fixed expenses can greatly impact the accuracy of the results. Therefore, managers must carefully consider which allocation method is most appropriate for their business and ensure that it is consistently applied.
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