Business, 02.03.2020 23:04, johnnybones03
In a new card game, you start with a well-shuffled full deck and draw 3 cards without replacement. If you draw 3 hearts, you win $50. If you draw 3 black cards, you win $25. For any other draws, you win nothing.
(a) Create a probability model for the amount you win at this game, and find the expected winnings. Also compute the standard deviation of this distribution.
(b) If the game costs $5 to play, what would be the expected value and standard deviation of the net profit (or loss)?
(c) If the game costs $5 to play, should you play this game?
Answers: 2
Business, 22.06.2019 19:30, smokey19
The usa today reports that the average expenditure on valentine's day is $100.89. do male and female consumers differ in the amounts they spend? the average expenditure in a sample survey of 47 male consumers was $135.67, and the average expenditure in a sample survey of 38 female consumers was $68.64. based on past surveys, the standard deviation for male consumers is assumed to be $34, and the standard deviation for female consumers is assumed to be $17.
Answers: 1
Business, 22.06.2019 21:20, fespinoza019
Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:
Answers: 2
Business, 23.06.2019 08:30, rubieceleste7710
The hypothetical country of eurica is experiencing severe competition to its domestic auto industry in the form of foreign imports. many jobs are threatened. eurica places a 25 percent tariff on the price of imported cars. this type of tariff is known as a(n) tariff.
Answers: 1
Business, 23.06.2019 10:20, chris199825
George wants to collect funds to open his own bakery from his family. he needs an accurate estimate of how much money he would require to run the bakery for at least six months. he has to buy a shop (costing $3,500) and buy an oven (costing $600). his start-up costs, including various utility costs, would be $300. he has calculated his monthly expenses as $250. how much money would george require to start his business and run it for at least six months? a. $3500b. $5,900c. $7,200d. $7,400e. $8,200its not c.7200 tried it
Answers: 1
In a new card game, you start with a well-shuffled full deck and draw 3 cards without replacement. I...
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