A friend proposes a gamble to you. You roll 2 fair, six-sided dice, and add up the results of each die to find your total number. If your roll totals a 5 or 7, your friend pays you $10. If you roll any other total, you pay your friend $4. What is your expected payoff from playing this game 100 times

Answers

Answer 1

The payoff if you gamble 100 times is 22 dollars.

What is the probability of getting a 5 or a 7?

When you roll two dices, there are 36 different probabilities. Based on this number let's find out the probability of getting a 5 or a 7.

5= 1+4 / 4+1 /2+3 /3+27= 1+6/6+1 /2+5/ 5+2/3+4/4+3

This means the probability is 10/36 or  0,277 or 27%.

How many times will you probably win?

If you play 100 times you will win 27 times, this means you will get $270. In the same way, you will lose 73 times and this means you will pay $292.

This means the payoff would be -22 dollars (292-270=22).

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Related Questions

A 15-year bond is currently priced at $900 and pays a semi-annual coupon payment of 8%. The par value is $1,000. What is the yield to maturity

Answers

The yield to maturity of the bond given from the information will be 9.24%.

How to calculate the yield to maturity

From the information given, the following can be deduced:

Current price = $900Coupon payment = 8%Semi annual payment = 1000 × 0.4 = 40Number of periods = 15 × 2 = 30

The price at 5% will be:

= (40 × 15.37) + (1000 × 0.23)

= 846.27

Using 4%, the interpolation to calculate the value will be:

= 4 + [(1000 - 900)/(1000 - 846.27)] × 1

= 4.623%

Therefore, the yield to maturity will be:

= 4.623% × 2

= 9.24%

In conclusion, the yield to maturity is 9.24%.

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Gary and Lakesha were married on December 31 last year. They are now preparing their taxes for the April 15 deadline and are unsure of their filing status. Problem 4-46 Part-b (Static) b. Assume instead that Gary and Lakesha were married on January 1 of this year. What is their filing status for last year (neither has been married before and neither had any dependents last year)

Answers

a. Gary and Lakesha can either file as Married Filing Jointly or Married Filing Single.

b. Since Gary and Lakesha are married on January 1 of this year, they should file as Single.

What is a tax filing status?

The tax filing status defines the taxpayer's status in a tax year.  The tax filing status is used to determine the applicable rate of income tax.

The IRS rules recognize five filing statuses are: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.

Thus, for a) Gary and Lakesha can file Married Filing Jointly or Married Filing Single but for b) Gary and Lakesha should file Single.

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15. The owners of a small bar and grill want to run an ad on local radio in the town where the business is located. Their objective is to create awareness for the restaurant among the town’s consumers. Which measure should be used to determine how many different people will hear the advertisement?

Answers

A survey could be issued to the people who listen to the radio. The survey could ask questions about their background and this can be used to collect data for the targeted audience of the ad.

In Mali, the provinces were monitored by ________________.
a.
the king’s sons
c.
local rulers
b.
generals
d.
all of the above


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

B

Explanation:

Answer:

The Answer is B. Generals

Explanation:

Financial planning involves building wealth in a short period of time
True
False

Answers

Answer:

I think its true, have an amazing day :D

Explanation:

*Will mark for Brainliest if given the correct answer!*

What is the correct ICD-10-CM code for Obstructive hydrocephalus ?

Answers

Answer:

G91.1

Explanation:

It is a billable code.Simply it's too specific as there are unique ICD codes.It can be used for reimbursement process at any cause.

On December 1, 2021, Wolverine receives $3,600 cash from a company that is renting office space from Wolverine. The payment, representing rent for December and January, is credited to Deferred Revenue. Record the adjusting entry for deferred revenue at its year-end of December 31.

Answers

Answer: The adjusting entry is as follows:

Debit Deferred Revenue $1800

Credit Rent Revenue $1800

Explanation: In this scenario, it says that $3600 cash has been received for Dec and Jan. As of yet, the company has not yet earned the revenue.
On Dec 31, the company would have earned the revenue. Thus, we would debit deferred revenue and credit rent revenue of $1800, since 1/2 if that amount has been earned.

Suppose a firm produces two products, X and Y. The firm earns revenues from X equal to $70,000 and revenues from Y equal to $60,000. The own price elasticity of demand for X is -1.5 and the cross-price elasticity of demand between X and Y is -0.80. If the firm decreases the price of product X by 1%, the change in total revenues will be ______________ $

Answers

Answer:830

Explanation:

simply follow the demand fomula and plug variables into desired location.

If the firm lowers the price of product x by 1%, the change in the total revenues will be $-34520

What is price elasticity of demand?

The degree to which a commodity's quantity desired is responsive to a change in its own price is known as own price elasticity of demand. For commodity x, this is stated as -1.5 in the question.

The level of responsiveness of the quantity required of the first commodity to a change in the price of the second commodity is known as the cross-price price elasticity of demand between any two commodities. This is specified in the question as -0.8 for the range of commodities x and y.

As per the given data, calculation is as follow:

ΔTR = [(rx * (1 + ex)) + (ry * cexy)] * Δpx ..................... (1)

ΔTR = Change in the total revenues = ?

rx = revenues from x =  $70,000

ex = own price elasticity of demand for x is = -1.5

ry = revenues from y = $60,000

cexy = cross price elasticity of demand between x and y = -0.8

Δp = Change in the price of product x = -1%

Substituting the values into equation (1):

ΔTR = [( 70,000 * (1 + (-1.5 ))) + (60,000 * (-0.8)] * (-1%)

ΔTR = (70000 * -0.5) + (60,000 * -0.8) * -0.01

ΔTR = -35,000 + (-48000)*-0.01

ΔTR = -35000+480

ΔTR = -34520

Therefore, if the firm lowers the price of product x by 1%, the change in the total revenues will be $-34520

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3. In which type of economy would both private businesses and the government influence the factors of production, and why? (1 point)
territor

Answers

The type of economy in which both private businesses and the government influence the factors of production is:

Mixed economy.  The reason is to allow government maintain a level of control

What is a Mixed Economy?

This is a type of economic system which allows both private businesses and also the government to have an influence in the factors of production so that the government can regulate things.

With this in mind, we can see that mixed economies are useful because it does not give the government total control but allows private businesses to influence the market

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During the gap analysis, the entrepreneur should be concerned with the hours of operation, the time you can dedicate to this new venture, and other commitments you have made. True False

Answers

The statement above about gap analysis is: True.

What is Gap Analysis?

Gap Analysis is a measurement that an entrepreneur makes when he compares his present performance with that which he desires to achieve.

He evaluates the time money and resources spent on projects to know if they are fully optimized.

So, the statement above is right.

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A wise mechanical engineering graduate began saving money for early retirement by depositing $1400 per month into a fixed rate account that pays 6% per year compounded semiannually. If she started saving 1 month after she started working, what is the expected value of the account at the end of 30 years

Answers

The expected value of the investment based on the information is $1369649

What is an expected value?

An expected value simply means the anticipated value for an investment in the future.

From the information given,

Interest, I = 6%/2 = 3%

Time, t = 30 × 2 = 60 semiannual period

Semiannual Deposit = 1400 × 6 = 8400.

FW of account = 8400 (F/A, 3%, 60)

= 1369649

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The balanced scorecard was developed to help companies take a more ______________ and ______________ approach to measurement. Functional; Long-term Financial; Strategic Holistic; Functional Holistic; Strategic Short-term; Tactical

Answers

The balanced scorecard was developed to help companies take a more Short-term and Tactical approach to measurement.

Option B

Balance scorecard method

Generally,Balance scorecard method is a tool use by groups to monitor there performance and the employee's performance with respect to the strategy The performance of the groups is scaled with aspects of the group in view

Therefore, The balanced scorecard was developed to help companies take a more  Short-term and Tactical approach to measurement.

Option B

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I know I'm being annoying by asking questions but if you had a choice and your parents were close to death by falling of a mountain, who would you save your mom or your dad

Answers

Answer:

I would save the one who cares for you the most

Explanation:

because if a person you save and that's not nice or grateful the person  who you left falling was the one who cared

Answer:

who i would save is both of my parent because they were there when i need them and when they needed me so i would save them because they brought me in this world for a reason and i think that i would die over my parents and be there with them even if they are about to be on death bed

Explanation:

agricultural businesses in Uganda​

Answers

Answer:

Examples of agricultural businesses in Uganda are farming.

Explanation:

A farming company in Uganda is “One Orchid“


I hope this helps a bit! Have a great day!

Lilac~

Solve the following

Answers

Answer:

2x is equal to y is 15

Explanation:

therefore ox and oy is greater

The day sheet is a(n):

a. chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

b. abstract of all recent claims filed on each patient

c. electronic permanent record of all financial transactions between the patient and the practice

d. computer-generated list of procedures, services, and supples with charges for each

Answers

Answer:

chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

Explanation:

A day sheet is usually a document that stores all health care data's, payment details and all scheduled adjustments for whole day

Option A is correct

Answer:

[A] Chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

Explanation:

The manual daily accounts receivable journal is also known as the Day Sheet , and it is a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific date.

{RevyBreeze}

Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo realizes that he will need extra help. Milo asks his friend Jess to help him out at the store. Milo and Jess agree that Jess will work during the months of November and December. However, because Milo is unsure how much help he will need and how much he will be able to pay, they agree to decide each week on the hours that Jess will work for the following week, and to decide the hourly rate after Jess has worked two weeks before she receives her first paycheck. Just before November 1, Jess takes a job at another store. If Milo tries to sue Jess for breach of contract, the court will probably decide:
A. that the parties had a contract, and Jess breached the contract.
B. that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
C. that the parties had no contract because the terms of the offer were not definite.
D. that the parties had no contract because the terms were not in writing.

Sarah is shopping at Sylvia’s thrift store, and notices that the inside of the store needs repainting. Sarah offers to paint the store for $400. Sylvia does not respond to Sarah’s offer. Later that day, Sarah returns to the store with painting supplies in hand and begins painting the store. When Sarah is finished, she demands payment of $400 from Sylvia. Will Sylvia have to pay Sarah for painting the store?
A. Yes, Sylvia will have to pay Sarah for painting the store because silence is always an acceptance of an offer.
B. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.
C. No, Sylvia will not have to pay Sarah for painting the store because silence can never be an acceptance of an offer.
D. No, Sylvia will not have to pay Sarah for painting the store because Sarah did not verbally agree to the contract.

The weekly Kroger advertisement states that five-pound chubs of ground chuck are available for eighty-nine cents per pound. Arlene sees the advertisement; she realizes that ground chuck has not been priced this low in quite some time, so she hurries to the store to purchase some. Arlene loads seven chubs of ground chuck in her shopping cart. When she goes to the checkout to pay, however, the cashier informs Arlene that the price in the advertisement is a typo and that the correct price is $1.89 per pound. Arlene insists that the store must honor the price listed in the advertisement, because it is an offer that she has just accepted. The cashier calls the store manager for a decision. The store manager will likely explain to Arlene:
A. that the advertisement is a valid offer because it is in writing.
B. that the advertisement is a valid offer, and the store must honor the price in the advertisement.
C. that advertisements are not offers, but merely a request for offers.
D. that the advertisement is a valid offer because its terms are definite.

Answers

1. If Milo should try to sue Jess, the court will decide that

that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.

2.  Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.

3. The store manager is most likely to explain to Arlene here that  the advertisement is a valid offer, and the store must honor the price in the advertisement.

What is a business contract?

A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.

A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.

One has to fully understand the terms of a contract before they go ahead to sign documents.

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Which is NOT an expense account?

Answers

Answer:

Interest is found in the income statement, but can also is the most common non-operating expense

Example

Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.

A two-party check is made payable to:

a. both the patient and the provider

b. both the provider and the payer

c. both the patient and the payer

d. two different payers

Answers

Answer:

[A] both the patient and the provider

Explanation:

Answer:

Both patient and the provider

Explanation:

In a medical payment system the payer is the patient

The two party includes two persons

PatientProvider(Hospital)

Bill wants to calculate the width of each interval by using the approximation formula. He first created a frequency distribution with 5 intervals. The minimum and maximum for the variable are -32.4 and 65.09 respectfully. Calculate the width of each interval for Bill.
A. 13.018
B. 6.480
C. 19.498
D. -19.498

Answers

Based on the maximum and minimum values, the width of each interval is C. 19.498.

What is the width of each interval?


This can be found by the formula:

= (Maximum value - Minimum value) / Number of intervals

Solving gives:

= (65.09 - (- 32.4)) / 5

= 97.49 / 5

= 19.498

In conclusion, option C is correct.

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Which concept combines revenue cycle management with clinical, coding, and health information management decision making?

a. PAC

b. OPU

c. IRC

d. RARC

Answers

Answer:

Which concept combines revenue cycle management with clinical, coding, and health information management decision making?

c. IRC

Answer:

IRC

Explanation:

B) A manufacturing unit A makes 15 colour television
sets and 80 black and white television sets in a
month another unit B makes 40 colour T.V. sets
and 100 black and white sets in a month. Repre-
sent this information into matrix form and find the
production of each unit in 7 months.

Answers

7*|15 80 | =|105 560|

7*|15 80 | =|105 560||40 100| |280 700|

7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER

7*|15 80 | =|105 560||40 100| |280 700|HERE'S YOUR ANSWER ◌⑅⃝●♡⋆♡MICKZMINNZ♡⋆♡●⑅◌

While representing the information into matrix form and the production of each unit in 7 months is  7*|15 80 | =|105 560|, |40 100| |280 700|

What do you mean by production?

Production is the process of combining various inputs, both materials such as metal, wood, glass, or plastics and immaterial materials such as plans, or knowledge to create output. Ideally, this output will be a good or service which has value and contributes to the utility of individuals.

The area of economics that focuses on production is called production theory, and it is closely related to the consumption or consumer theory of economics. The production process and output directly result from productively utilizing the original inputs or factors of production. Known as primary producer goods or services, land, labour, and capital are deemed the three fundamental production factors.

These primary inputs are not significantly altered in the output process, nor do they become a whole component of the product.

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Which strategy would help you save the most money?

Answers

Answer:

making a savings back acounnt or put half your money your saving into a piggy bank

A recent Samsung Galaxy ad highlighted the advantages of its smartphone relative to Apple’s iPhone. What type of product advertisement is the Samsung ad?

Answers

Answer:

comparative

Explanation:

Find the partial derivative of f(x, y) =x2y+sin x+cos y

Answers

Answer:

#CarryOnLearning

Hope it helps

Suppose Charlie has made great progress in planning to improve the security program at the company. After many weeks of planning and careful implementation, a formal plan is ready for presentation to the Board of Directors. Gladys asks Charlie to prepare a written report and a presentation for Gladys to give to the Board. Gladys edits the presentation to make it seem that she prepared the work herself with Fred's assistance, but without any mention of Charlie's contributions. Is Gladys acting ethically

Answers

Due to the fact that Gladys has taken the presentation made without mentioning the contributors, she is not acting ethically.

What is ethics?

This is used to refer to the guidelines that seeks to guide the behavior of people. The ethics are used in organizations to modify behavior.

What is required of Gladys is to make sure that all the contributors to the work are well acknowledged for the input they made.

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What is an IPO and how does it work?

What is the S&P 500 and how does it work?

What is the NYSE and how does it work?

What is the Nasdaq and how does it work?

Answers

Answer:

1.  An initial public offering (IPO) is when a private company becomes public by selling its shares on a stock exchange.

2.  The S&P 500 is a stock market index that tracks the stocks of 500 large-cap U.S. companies.

3.  The NYSE provides a location where its members can trade stock in listed companies.

4.  The Nasdaq is the second-largest stock exchange in the world. It became the first electronic stock exchange in 1971.

Explanation:

THANKYOU (*.*)


Calculate the slope and elasticity of demand using the following information:
Price: $7.99
Quantity: 3 units
Price drops to $4.99
Quantity goes up to 8 units
Show your work to get full credit.

Answers

Based on the price and quantity changes, the following are correct:

Slope is -0.6.Elasticity of demand is -4.44.

What is the slope of the above?

Slope can be found as:

= Change in price / Change in quantity

= (4.99 - 7.99) / (8 - 3)

= -0.6

What is the elasticity of demand?

This can be found as:

= Percentage change in quantity / percentage change in price

= ( (8 - 3) / 3) ÷ ( ( 4.99 - 7.99) / 7.99)

= -4.44

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Find the partial derivative of f(x, y) =x2y+sin x+cos y

Answers

Answer:

(x²y + cos y + y sin x)

Hope it helps!#CarryOnLearning

How do IP rights differ between India and China? What distinctive competencies in IP exist for India and China?

Answers

IP rights differ between India and China through the following:

In China, it helps in the enforcement of copyright-related issues.In India, it helps prove ownership during criminal proceedings against infringers.

What is IP rights?

This is also known as intellectual property rights and is given to persons over the creations of their mind in a certain period of time.

In India and China, IP rights ensure that justice is served by punishment being meted out to the infringers.

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what is the slope of the line that passes through the points (-9,10) and (-13,13) About 60 million years ago, an area of land stretched out into the Indian Ocean. This area slowly drifted inland over tens of thousands of years and pushed its way upward into ridges and folds of rock. This marvelously rocky region became a mountain range we now call the Himalayas. The Himalayas are located on the continent of Asia. The highest mountain in the Himalayas, Mount Everest, climbs high into the sky. This natural wonder has become a popular destination for climbers and tourists seeking adventure and spectacular sights.I work as a tour guide here at the mountain. Climbers sometimes hire me to guide them to the summit. I know all there is to know about Everest. First of all, it is the highest mountain on Earth. In 1979, the area surrounding Everest was designated as a natural world heritage site. It sits on the border between Nepal and Tibet, which is a region of China. In fact, the border runs right up over the peak of the mountain. The summit of Everest soars high above the clouds at an astonishing 29,029 feet. That's almost as high as airplanes fly! On the summit of Everest, climbers stand as close to the stars as they can with both feet still on Earth. I have stood on the breathtaking summit myself almost a dozen times. The feeling is unbelievable, so it is no wonder this towering mountain has attracted climbers for centuries.Which detail from the text reveals why climbers find the peak of Mount Everest so breathtaking? aAbout 60 million years ago, an area of land stretched out into the Indian Ocean. bIn fact, the border runs right up over the peak of the mountain. cThe highest mountain in the Himalayas, Mount Everest, climbs high into the sky. dThe Himalayas are located on the continent of Asia. A wooden box has the shape of a rectangular prism. The inside of the box is also a rectangular prism. What is the volume of the solid part of the box? Why might Christians have borrowed ways of worship from the Jewish religion? work out the product of 1 2/3 and 3 3/4 give your answer as a mixed number Is triangle EJH congruent to triangle EIH? 1. What is the measure of Please answer I will mark brainliest! It is for RSM.. identify three effects of physical activity on the respiratory system hurdlenounDefinition: something that makes progress challengingSynonyms: barrier, problem, dragAntonyms: incentive, advantage, aid, assistanceBased on the thesaurus entry and the context of the sentence, use the drop-down menus to choose the best synonym for "hurdle" in each sentence. Use the online dictionary to check the definitions of the synonyms.The runners passed over each hurdle in a flash.The largest hurdle in my plan to buy a car was lack of money. What is the area of this parallelogram?A=1912 ftA = 42 ftA=6112 ftA=7134 ft Why would it have it taken years for the Florida keys to recover from the Labor Day hurricane?pls tell right answer :) or this is me :) Alonzo Dwork will not buy stock in a company that sells bottled water because more than 1.5 million barrels of oil are used annually to make the plastic bottles used for water, and nearly 90 percent of these bottles are disposed of after one use. Dwork is a strong believer in environmental protectionism, and this _____ is his way of expressing that belief. A penguin swims underwater at a rate of 5.5 miles per hour. How long does it take the penguin to swim 44 miles? what is 8 3/4 ? and 11 2/5? please answer the questions in the photo :)) Helpp geometry and tell me how you solved it please PLEASE HELP Me!!!! What was the main advantage of carracks over caravels?ACarracks had a larger cargo capacity than caravels.BCarracks were faster than caravels.Carracks were much cheaper to build than caravels.DCarracks could tack against the wind. The soccer team collected $800 at a car wash fundraiser. They charged $5. 00 for small vehicles and $10. 00 for larger vehicles. The amount collected can be modeled by the equation , where x represents the number of small vehicles and y represents the number of larger vehicles. If the number of larger vehicles washed was 50, how many small vehicles were washed in total?. If angle 4 has a measure of 42 in the given diagram, what is the measure of angle 6?