A lottery has a grand prize of 23(1)/(2) million dollars. There are 5 people who have winning

Fantastic news! We've Found the answer you've been seeking!

Question:

A lottery has a grand prize of 23(1)/(2) million dollars. There are 5 people who have winning tickets and they share this prize equally. How many millions of dollars does each person get? Express the answer as a mixed number.

Related Book For answer-question

Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

See More Books

Posted Date: Mar 07, 2023 02:59 AM

See More Questions

A lottery ticket has a grand prize of $28 million. The probability of winning the grand prize is .000000023. Based on the expected value of the lottery ticket, would you pay $1 for a ticket? Show...
A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use an interest rate of...
A new government lottery has been announced. Each person who buys a ticket submits an integer number between 0 and 100. The winner is the person whose submission is closest to 2 / 3 of the average of...
c++. error: array must be initialized with a brace enclosed initializer main.cpp X 10 11 ii 12 13 14 4567 15 16 17 18 19 287288285 20 21 23 24 25 26 27 28 25285922223288 30 31 33 34 36 37 40 41 42 43...
In the previous question, assume that instead of adjusting the estimated cash flows of the project, Monk had decided to adjust the discount rate from 12 to 17 percent. Reevaluate the NPV of the...
At Pleasonton Delivery and Courier Service, the following items were found to cause a difference between the bank statement and the firms records. Indicate whether each item will affect the bank...
Draw a basic cambered airfoil and label the chord line, relative wind, AOA, stagnation point, lift vector, and weight vector.
The town of Millbridge has just agreed to pay a pension to the town clerk. The pension will be $ 40,000 per year for the next 20 years. Dwight Ives, the town manager, has decided that the town should...
Net Zero Products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. Accounts receivable Percent uncollectible Total $ 153,500 0 $ 91,000 1 to 30 $...
In cell C11, construct a formula to calculate the annual projected street maintenance costs for the year 2025 after the projected increase of 5% is applied. Use absolute cell references as necessary....
Derive an expression for the magnetic field at the site of the nucleus in a hydrogen atom due to the circular motion of the electron. Assume that the atom is in its give answer in terms of ground...
A taxpayer has $5,000 in investment expenses connected to portfolio income and is in the 8% tax bracket. Assuming the taxpayer itemizes their California return, and that these expenses are the only...
How can organizations foster a culture of diversity, equity, and inclusion within teams, proactively addressing systemic biases and promoting equitable access to opportunities for professional growth...
How might the implementation of continuous feedback mechanisms and performance metrics, coupled with regular reflection sessions and developmental coaching interventions, facilitate ongoing learning...
What methodologies and approaches can be employed to mitigate interpersonal conflicts and enhance interpersonal cohesion within teams, thereby fortifying resilience and bolstering performance amidst...
what ways can synergistic team dynamics be cultivated within organizational frameworks to augment operational efficacy and foster a culture of collaborative excellence? Explain
Griffey Communications recently realized $115,000 in operating income. The company had interest income of $35,000 and realized $70,000 in dividend income. The companys interest expense was $45,000....
A bar of a steel alloy that exhibits the stress-strain behavior shown in Figure 6.22 is subjected to a tensile load; the specimen is 375 mm (14.8 in.) long and has a square cross section 5.5 mm (0.22...
The file S02_35.xlsx contains (fictional) data from a survey of 500 randomly selected households. a. Indicate the type of data for each of the variables included in the survey. b. For each of the...
Continuing the previous problem, how do your responses to the questions change if you employ Winters method to handle seasonality in this time series? Explain. Which forecasting method do you prefer,...
A local beer producer sells two types of beer, a regular brand and a light brand with 30% fewer calories. The companys marketing department wants to verify that its traditional approach of appealing...
The equivalent systems method can be used to derive the differential equation for linear SDOF systems with viscous damping. Indicate whether the statement presented is true or false. If true, state...
The inertia effects of a simply supported beam can be approximated by placing a particle of mass one-third of the mass of the beam at the midspan of the beam. Indicate whether the statement presented...
Energy dissipation is used to calculate the equivalent viscous-damping coefficient for a combination of viscous dampers. Indicate whether the statement presented is true or false. If true, state why....

A lottery has a grand prize of 23(1)/(2) million dollars. There are 5 people who have winning

Question:

Expert Answer:

Data Analysis and Decision Making

Students also viewed these accounting questions