If the odds in favor of Fast Leg winning a horse race are 4 to 3 and the first prize is $ 14 comma 000 comma what is the expected value of Fast​ Leg's winnings?

Answers

Answer 1

Answer:

The expected value of Fast​ Leg's winnings is $8,000.

Explanation:

The expected value a predicted value calculated by multiplying a value by its probability.

First, we need to calculate the probability of winning Fast leg's horse

Probability = Odd in favor / Total

Where

Adds in favor = 4

Total = 4 + 3 = 7

Placing values in the formula

Probability = 4 / 7

Probability = 0.571429

Now calculate the Expected value of winning

Expected winning value = First Prize x Probability of winning

Where

First prize = $14,000

Probability of winning = 0.571429

Placing values in the formula

Expected winning value = $14,000 x 0.571429

Expected winning value = $8,000


Related Questions

“Measurable” in the SMART method refers to which of the following?

Answers

I think you forgot the answer choices

How could virustotal be useful to users? how could it be useful to security researchers? however, could it also be used by attackers to test their own malware before distributing it to ensure that it does not trigger an av alert? what should be the protections against this?

Answers

Answer:

The answer to this question can be defined as follows:

Explanation:

VirusTotal was its online tool that scans its file for identification for virus and ransomware up to 256 Mb in the file name. You can also scan that virus scan URL/domain. Its content is examined by 70 virus protection scanners. However, it is convenient for customers who would search their files and connections to detect any file or link malicious type of virus protection.

Yeah, security experts should, of course, just use the service because it retrieves the security aspect for files and VirusTotal can scan the data.

Yeah, throughout the case of abuse of a software package, hackers can test their specific malware to insure how an AV alert is not activated, until releasing it. It will ensure that neither warning is triggered mostly by file, malicious document, or link, and thus check its material with VirusTotal.

Security must be taken from of the abuse by the perpetrators of the VirusTotal tool. Security must be in the form of even an assault that perhaps the virus model or malware ties could be uploaded or regulated throughout the VirusTotal Tool resources. So, it isn't essential to be using the VirusTotal tool.

Which of the following is an example of specialization?
A. Because of the high cost of labor, American companies have
stopped most steel production and now import steel from other
countries.
B. To protect its workers, the German government requires that
foreign workers obtain visas before they can work in Germany.
C. German automobile manufacturers have built car plants in the
United States.
D. The United States exports farm goods.

Answers

Answer:

An example of specialization is;

A. Because of the high cost of labor, American companies have stopped most steel production and now import steel from other countries

Explanation:

Specialization in business is the strategy to focus on the production of a limited number of products or services based on comparative advantage, availability of resources and to improve efficiency, with the outcome of specialization include maximum possible productivity, advanced expertise, capacity for leadership in a field

The capital and labor intensive production of steel will make steel production at a location where labor cost is high less profitable than making the steel at a low labor cost location

The location of lower labor steel production that produces steel, is specialized in steel production, when it now supply steel to other locations where it costs less to buy than to produce steels.

In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists tend to point out that a. poaching can be reduced with price supports for ivory. b. the supply of ivory has fallen, leading to an increase in price and reward for poaching. c. burning ivory decreases demand, leading to lower prices and reward for poaching. d. the demand for ivory is higher, leading to an increase in price and reward for poaching. e. burning ivory raises demand, and controlled prices will lead to even greater poaching.

Answers

Answer:

b. the supply of ivory has fallen, leading to an increase in price and reward for poaching.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

Poaching can be defined as an illegal or illegitimate procurement (purchase) of protected wildlife living organisms such as elephants, fish, trees, gaming, etc.

In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists tend to point out that the supply of ivory has fallen, leading to an increase in price and reward for poaching in accordance with the law of supply.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

My last points to help you.

Answers

Answer:

Thank you, I can help you too dear :)

Explanation:

Answer:)

Explanation:

On January 1, 2021, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2022. Expenditures on the project were as follows: January 1, 2021 $ 205,000 September 1, 2021 $ 306,000 December 31, 2021 $ 306,000 March 31, 2022 $ 306,000 September 30, 2022 $ 205,000 Kendall borrowed $752,000 on a construction loan at 7% interest on January 1, 2021. This loan was outstanding throughout the construction period. The company had $4,510,000 in 7% bonds payable outstanding in 2021 and 2022.



Interest capitalized for 2021 was:

Answers

Answer:

The correct answer is "$21490".

Explanation:

The given expenditures are:

January:

= $205000

September:

= $306000

December:

= $306000

Now,

January average will be:

= [tex]205000\times \frac{12}{12}[/tex]

= [tex]205000[/tex] ($)

September average will be:

= [tex]306000\times \frac{4}{12}[/tex]

= [tex]102000[/tex]

December average will be:

= [tex]306000\times \frac{0}{12}[/tex]

= [tex]0[/tex]

The total average will be:

= [tex]205000+102000+0[/tex]

= [tex]307000[/tex] ($)

Hence,

The Interest capitalized for year 2021 will be:

= [tex]Interest \ rate\times Weighted \ average[/tex]

On substituting the estimated values, we get

= [tex]7 \ percent\times 307000[/tex]

= [tex]21490[/tex] ($)

What should customer service representatives use to achieve a win-win outcome between customers and their employer?

both hard and soft skills
sales strategies
persuasion
goals and objectives

Answers

Answer:

i think it is the 3rd one I'm not sure but I need help on one of mine and it would be really good if you can help me I will appreciateit

how much money does a therapyst make an hour/ and how much would they make in a year

Answers

an hour = the average hourly pay for a Therapist in the United States is $28.33 an hour. While ZipRecruiter is seeing hourly wages as high as $52.40 and as low as $12.74, the majority of Therapist wages currently range between $20.91 (25th percentile) to $31.01 (75th percentile) across the United States.

a year = the median annual salary for clinical, counseling, and school psychologists was $85,340 per year, according to the Bureau of Labor Statistics. The lowest 10 percent of workers earned less than $44,040, and the highest 10 percent earned more than $129,310.

Answer:

Explanation:they make 1,000 dollars per hour. I don’t know how much in a year.

PLEASE HELP!!!!
What is Ethics?
A. An individual's belief and values about what is right and wrong.
B. Rules imposed by government or a recognized authority to direct the actions of people or to forbid particular behavior.
C. The study of rules and regulation that apply to right and conduct of companies engaged in trade, commerce, and sales.
D. Rules written by an organization or entry to guide behavior in a particular setting or situation.

Answers

Answer: the answer is b

Explanation:

The Koryu dynasty’s leaders believed that their politics should be guided by the principles of

Shintoism.
Buddhism.
Confucianism.
Taoism.what is commodity

Answers

Answer:

is confucianism

Explanation:

please don't hate me if it's wrong

1. Product A, a bottle of liquid breath fresheners, and Product B, chewable breath fresheners. Study the
two products, their plus and minus factors in terms of attracting customer interest
. Which company will
have competitive advantage, the manufacturer of Product A or Product B? Explain your answer.​

Answers

Answer:

Manufacturer A will have a competitive advantage. (Reasons are stated below)

Explanation:

Product A: Liquid breath fresheners are more advantageous compared to chewable breath fresheners because they

1. Cause less distraction: Unlike chewable gums that project an unserious or unprofessional image, especially, in official settings, liquid breath fresheners can be used without drawing much attention. Many customers who work or school will thus prefer this option.

2. They can be used and will go into effect within a short time frame: Unlike gums that can be chewed for some time before there is a noticeable effect, liquid breath fresheners can be used quickly with instant effects.

For these stated reasons, customers will prefer Product A and they will thus have a competitive advantage over Product B.

Product is the management term that implies the goods and services that are manufactured using the raw materials and are produced as the final goods and services for the consumption of the customers to satisfy or fulfill their needs.  

Manufacturer A will have an edge over competitors.

Product A: Compared to chewable breath fresheners, liquid breath fresheners offer more benefits.

1. Distract less: Unlike chewy gums, which present an unprofessional or unintellectual image, liquid breath fresheners can be used without attracting much attention, especially in official settings.  As a result, many consumers who work or go to school will prefer this alternative.

2. They can be used right away and have an immediate impact: Unlike gums, which must be chewed for a long moment before showing any influence, liquefied mouth deodorant sticks may be used right away and have a direct influence.  

Customers will prefer Product A for the reasons stated, which gives the company a competitive advantage over Product B.

To know more about the product and its manufacturing, refer to the link below:

https://brainly.com/question/14016003

Which of the following best explains the significant increases in the equilibrium prices for higher education in the United States since the 1980s? The supply of higher education is highly price elastic, and demand has increased substantially. The demand for higher education is highly price inelastic, and the supply has decreased substantially. The demand for higher education is highly price elastic, and the supply has decreased substantially. The supply of higher education is highly price inelastic, and demand has increased substantially.

Answers

Answer: The supply of higher education is highly price inelastic and demand has increased substantially.

Explanation:

The option that best explains the significant increases in the equilibrium prices for higher education in the United States since the 1980s is that the supply of higher education is highly price inelastic and demand has increased substantially.

Price inelastic means that a change in price has little effect on the demand for education and since there has been an increase in the demand for education, the suppliers will increase the price which led to the increase in equilibrium price.

a _ is used to apply for jobs or even to collage

Answers

Answer: application

Explanation:

Applicationnnnnnnnnn

just say sum and ill give you alot of points⇒⇒⇒⇒

Answers

thanks for the points, have a good day
thank youuuuu! :$3));:4

If you are buying bulk products in a health food store, you can expect to pay based on

A. the package that it comes in.

B. the size of the scoop or ladle in the bin.

C. the weight of the amount that you select.

D. the comparable cost at a neighborhood grocery store.

Answers

I believe it is C

hope it helps

Oscar Cinema Studios rewards its retiring officers with miniature gold statuettes if the officers complete at least 10 years of service. Each statuette costs Oscar $400 and is worth $600. Rank-and-file employees receive plastic replicas of the studio’s back lot when they retire and have completed 30 years of devoted service. These plastic replicas cost $50 a piece and are each worth $70. In the current year, Oscar gave two retiring officers each a miniature statuette during a meaningful presentation. How much can Oscar deduct for these gifts?

Answers

Answer: $800

Explanation:

In this scenario in the question, we should note that there's is no discrimination which favors the officers.

The deduction for the gifts by Oscar will then be $400 for every recipient and the cost spent on each statuette by the company.

Therefore, the amount that Oscar can deduct for these gifts will be:

= $400 + $400

= $800

briefly describe what is meant by the organizational structure and explain any three examples of organizational structure used by businesses​

Answers

Explanation:

Organizational structure : Framework for managers which shows the division of responsibilities and roles played by each stakeholder

Examples :How the business carries it self

: Does the business have ethical issues

: Does the business have a code of conduct

Advocates of floating rates pointed out that Group of answer choices removal of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency values would restore fiscal control. imposing of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency would restore monetary control to the consumer. removing of the obligation to peg currency values would restore fiscal control.

Answers

Answer:

removal of the obligation to peg currency values would restore monetary control to central banks.

Explanation:

The Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to depository financial institutions when they're running out of money and as well as regulate their activities.

Generally, monetary policy affects the money supply in an economy, which then creates an impact on interest rates and the inflation rate.

Hence, advocates of floating rates pointed out that removal of the obligation to peg currency (setting specific fixed exchange rate) values would restore monetary control to central banks.

Which of the following is needed to effectively collaborate?
O Alarge group of people
O A positive attitude
O An interesting project
O A dominant leader

Answers

I believe it would be a positive attitude because you don’t necessarily need a dominant leader, a large croup of people, or an interesting topic/project. A positive attitude is what helps make an interesting project. I’m sorry if I’m wrong, this out of opinion, but this is what I believe!

The demand for this type of good rises when income falls and falls when
income rises.
O substitutes
o inferior
O normal
O complements

Answers

Answer:

o inferior

Explanation:

The inferior goods shown the inverse relationship between the demand and the income. If the demand of the goods is increased so the income would fall and if the demand of the goods fall so the income would rises

So this represent that the good is an inferior good

Hence, the second option is correct

Milton Industries expects free cash flows of $ 12 million each year.​ Milton's corporate tax rate is 35 %​, and its unlevered cost of capital is 11 %. Milton also has outstanding debt of $ 47.76 ​million, and it expects to maintain this level of debt permanently. a. What is the value of Milton Industries without​ leverage? b. What is the value of Milton Industries with​ leverage? a. What is the value of Milton Industries without​ leverage? The value of Milton Industries without leverage is ​$ nothing million. ​ (Round to two decimal​ places.)

Answers

Answer:

a. What is the value of Milton Industries without​ leverage?

= Expected free cash flows/Unlevered cost of capital

= $12,000,000 / 11%

= 109090909.0909091

= $10.91 million

b. What is the value of Milton Industries with​ leverage?

= Unlevered cash flows + Corporate tax rate*Outstanding debt

= $109,090,909 + 35%*$47,760,000

= $109,090,909 + $16,716,000

= 125806909

= $12.58 million

During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) ​Connecting with the Persian member.


B) ​Overidentifying with the non-Persian member.


C) ​Connecting with the non-Persian member.


D) ​Overidentifying with the Persian member.

Answers

Answer: D. ​Overidentifying with the Persian member.

Explanation:

The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.

Therefore, based on the given options, the correct answer is D.

Two reasons why excellent customer service is important to every business

Answers

1) Prevents business failure

About 96% of American businesses close their doors within 10 years. One of the contributing problems is poor customer service. Buyers become frustrated over small problems that are not addressed. It happens when a business does not have good customer service associates who follow up on questions and promptly fill requests.

2) Creates endorsements

Loyal customers provide positive endorsements and good online reviews that can help businesses strengthen their brand. A loyal customer, on average, is 10 times more valuable than their first purchase. Research shows that people often make purchasing decisions based on recommendations from family and friends vs. advertising messages. Here are four statistics:

About 97% of customers will tell others about very good or excellent customer service experiences.
Nearly 70% of people would spend more money with a company that has excellent customer service.
Approximately 24% of satisfied customers will return to a business two or more years after a good customer service experience.
Research shows that 59% of people would try a new company to receive better customer service.


Hope this helps :) if you need more I can help

What is institutional advertising focused on promoting?
A. A company
B. The Internet
C. A service
D. A good
Please select the best answer from the choices provided

Answers

Answer:

Product advertising focuses on promoting specific individual products while institutional advertising focuses on your overall brand

Answer:

A. A company

Explanation:

Right on EDGE 2021

Donald's home was recently destroyed by a fire. He made an insurance claim for $250,000. Who is responsible for paying him the $250,000?

Answers

Answer:

THE INSURER

Explanation:

It is only necessary to underline vocabulary words identified in a test question. Please select the best answer from the choices provided T F?

Answers

Answer:

The answer you are looking for is false

Explanation:

Got it right edge 2021

Answer:

False

Explanation:

Edge 2021

In its first year of operations, Sunland Company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. The remaining $21,900 was received in cash from customers. The company incurred operating expenses of $18,600. Of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. In addition, Sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. A) Calculate the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting. Cash Basis Accrual BasisNet Income $ $B) Which basis of accounting (cash or accrual) provides more useful information for decision-makers?

Answers

Answer:

A. Cash basis $5,750

Accrual basis $11,400

B. Accrual basis

Explanation:

A. Calculation for the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting

Cash basis Accrual basis

Service revenue

$21,900 $30,000

Less Operating expenses

$12,880 $18,600

Less Insurance expenses $3,270 $0

Net income $5,750 $11,400

B. Based on the above calculation the basis of accounting that provides more useful information for decision-makers is ACCRUAL BASIS OF ACCOUNTING.

A. The first year’s net earnings under the cash basis of accounting, and accrual basis of accounting. Cash Basis $9,020, Accrual Basis Net Income $ $11,400.

B. Due to the fact that it reflects the economic reality of the transactions that took place during the period, regardless of whether cash was received or paid, the accrual foundation of accounting gives decision-makers more meaningful information.

Given information:

Cash Revenue = $21,900Cash Expenses = $12,880Accrued Revenue = $8,100Cash Revenue = $21,900Accrued Expenses = $5,720Cash Expenses = $12,880

Net Earnings (Cash Basis) = Cash Revenue - Cash Expenses

Net Earnings (Cash Basis) = $21,900 - $12,880

Net Earnings (Cash Basis) = $9,020

Total Revenue (Accrual Basis) = Accrued Revenue + Cash Revenue

Total Revenue (Accrual Basis) = $8,100 + $21,900

Total Revenue (Accrual Basis) = $30,000

Total Expenses (Accrual Basis) = Accrued Expenses + Cash Expenses

Total Expenses (Accrual Basis) = $5,720 + $12,880

Total Expenses (Accrual Basis) = $18,600

Net Earnings (Accrual Basis) = Total Revenue (Accrual Basis) - Total Expenses (Accrual Basis)

Net Earnings (Accrual Basis) = $30,000 - $18,600

Net Earnings (Accrual Basis) = $11,400

The accrual basis of accounting provides a more accurate picture of the company's financial performance and position by recognizing revenue and expenses when they are earned or incurred, rather than when cash is received or paid.

Learn more about on accounting, here:

https://brainly.com/question/32452747

#SPJ6

Donald's home was recently destroyed by a fire. He made an insurance claim for $250,000. Who is responsible for paying him the $250,000?

Question 6 options:

1. the policyholder

2. the insurer

3. the person with power of attorney

4. the rider

Answers

The insurer is the one responsible

Answer:

THE INSURER :D

Explanation:

Which of the following is a database system that has been designed and developed specifically for one operation?
representational
relational
proprietary
privatized

Answers

I believe it would be Privatized

-1 1. Which of the following budget terms mean the same thing?
a) surplus and deficit
c) surplus and break-even
b) break-even and balanced d) deficit and balanced

Answers

Answer:

b

Explanation:

none just trust me..............

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