Determine number of sample points
Three lottery tickets for first, second, and third prizes are drawn from a group of 40 tickets. Find the number of sample points in S for awarding the 3 prizes if each contestant holds only 1 ticket.
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There are 10 questions on a true-false test. A student feels unprepared for this test and randomly guesses the answer for each of these.
Assuming that each player wishes to maximise their probability of winning, construct the pay-off table.
Assume that the probability of a male birth is 0.5 and that the binomial distribution is applicable. Determine the probability that a couple with 3 children has at least 2 boys.
There is a 50-50 chance that the queen carries the gene of hemophilia. If she is a carrier, then each prince has a 50-50 chance of having hemophilia independently.
Imperial Jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts to members of a wedding party. The normal selling price of a gold bracelet is $189.95 and its unit product cost.
The normal selling price is $21 per unit. The company's capacity is 75,000 units per year. An order has been received from a mail-order house for 15,000 units at a special price of $14.00 per unit.
Jewel Company's revenues are $300 and invested capital is $240. Expenses are currently 60% of sales. Jewel Company's current return on investment is?
Assume that the company produces and sells 81,000 units during the year at a selling price of $8.8 per unit. Prepare a contribution format income statement for the year?
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