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mariarad [96]
2 years ago
12

On Mr. Casper’s debate team at Thunderbird High School, 20% of the members are Sophomores, 35% are Juniors and 45% are Seniors.

A team member is selected randomly to give the closing argument for the team. If a sophomore gives the closing argument, the team has a probability of 0.25 of winning the debate. If a junior gives the closing argument, the probability of winning is 0.6. If a senior closes, the probability of winning is 0.85.
Business
1 answer:
balandron [24]2 years ago
4 0

Answer:

here is a 63.25% for winning the debate given the student distribution and the chance of success  of each type of student.

Explanation:

As the student will be picked at random we can determiante the expected value by doing a weighted average:

\left[\begin{array}{cccc}$Student&$Return&$Probability&$Weight\\$Sophomore&0.2&0.2&0.04\\$Junior&0.6&0.35&0.21\\$Senior&0.85&0.45&0.3825\\Total&&1&0.6325\\\end{array}\right]

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Answer:

B. fixed cost per unit increases

Explanation:

As we know that

If the production volume increases, the fixed cost per unit is decreases as it reflect an inverse relationship between the fixed cost per unit and the production volume

Let us take an example

Fixed cost = $20,000

Production volume = 100,000

Decrease in production volume = 80,000

So, the fixed cost per unit in the first case is

= 20,000 ÷ $100,000

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And, the fixed cost per unit in the second case is

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5 0
2 years ago
On November 15, Meier Company received $3,000 cash from a customer for services that were performed on November 1. According to
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Answer:

November 1

Explanation:

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The principle of revenue recognition occurs when the revenue is realized or earned, whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here means that the consumer receives the product but the payment is made later.

Therefore, the revenue should be recorded on November 1

7 0
2 years ago
Charlie, the CEO of Collier Chemical, likes to boast that his company offers the highest salaries in the industry, has excellent
lidiya [134]

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Answer:

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We need to apply two financial methods to find the value of the shares today.

First, the Present value formula for the next 3 years, and for the rest we apply the Perpetuity formula, then to the result of Perpetuity we apply the Present Value because it's expressed in values of Year 4.

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7 0
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Answer:

A. Social needs

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