What is the expectation of the game
If a gambler rolls two dice and gets a sum of 9, he wins $12, and if he gets a sum of four, he wins $20. The cost to play the game is $5. What is the expectation of this game? show your work.
A) $3.06B) -$2.00C) -$3.06D) $2.00
Now Priced at $5 (50% Discount)
Recommended (99%)
Rated (4.3/5)
During its first year of operations, Maria Rose set up Roseland Inc. and invested $25,000 in the corporation. The company earned $68,000 of revenues and incurred $32,000 of expenses.
You bought a new set of tires from the manufacturer who just announced a recall because 12% of those tires are defective. What is the probability that at least one of yours is defective?
The following transactions occurred during 2014. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on a straight-line basis, with no estimated salvage value.
Iaukea Company makes two products from a common input. Joint processing costs up to the split-off point total $45,100 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point.
What is the increase or decrease in profits as a results of purchasing the parts from the outside supplier rather than making them inside the company?
One of your company's products, a flux capacitor, is known to have an exponential failure time distribution with a mean of 5 years.
Here are selected 2014 transactions of Cleland Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $62,000 and had a useful life of 10 years with no salvage value.
Determine the total relevant cost if parts are purchased from the outside supplier. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.
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