What are expected net winnings in a lottery
If a person buys ten tickets at $1 each in a lottery in which1,000 tickets are sold and the prize is $500, what are his expectednet winnings?
The Expected value of each ticket:
E = (m)(p)
E = ($500)(1/1000) = $0.5
Now Priced at $5 (50% Discount)
Recommended (97%)
Rated (4.9/5)
Compare and contrast the actions of local, state, and federal levels of government with regard to response and recovery of a specific disaster. Please include at least three peer reviewed journals articles.
The Empire Hotel is a full-service hotel in a large city. Empire is organized into three departments that are treated as investment centers. Budget information for the coming year for these three departments is shown below.
Using your findings in parts a and b, discuss the impact of delaying making deposits into the IRA for 10 years (age 25 to age 35) on the amount accumulated by the end of Hal's sixty-fifth year.
Obsolete inventory carried on the books at a cost of $17,000 is scrapped and written off as a loss.(Round your intermediate calculations and final answers to 2 decimal places.)
If a person buys ten tickets at $1 each in a lottery in which1,000 tickets are sold and the prize is $500, what are his expected net winnings?
Hayes Enterprises began 2012 with a retained earnings balance of $928,000. During 2012, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. At year-end 2012, the firm's retained earnings t
Compute the company's margin, turnover, and return on investment (ROI) for last year. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Analyze the following case problem. Your answer should take the form of a memo, addressed to your client, Peter, which examines his legal position.
You are relatively confident that the return will be positive but not large, so you arbitrarily assign probability of being correct of 35%, 5%, 20% and 40%, respectively, to the analysts' forecast. Given these probability what is Fluorine Chemical
1933515
Questions Asked
3,689
Active Tutors
1456950
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Physical wellness in the workplace only refers to organizations providing their employees with healthy eating and physical activity options,
Your company is in the process of redesigning several floors of office space. You are tasked with generating a list of ideas to incorporate
Which priority action would the nurse take during the first few hospital days for an adult diagnosed with schizophrenia who is ungroomed and withdrawn,
What types of errors are best described as those that occur when there are problems within the health care system?
Problem: According to the lesson, which of the following are parts of the patient safety competency?
When thinking about children brain development and emotional intelligence - Identify one way you can make the environment safe for the children
The nurse is caring for a client with pancreatic cancer who reports feeling abdominal fullness. Which action should the nurse perform first?