Question: Please include detailed excel formula Q4 : Given the scenario: Pepsi and Mountain Dew products sponsored a contest giving away a Lamborghini sports car worth

Please include detailed excel formula

Q4 : Given the scenario: Pepsi and Mountain Dew products sponsored a contest giving away a Lamborghini sports car worth $205,000. The probability of winning from a single bottle purchase was .00000540. Find the expectation. From the scenario, there will be two possible outcomes. Let x be the random variable that represents the monetary value associated with each result. Outcome Win Not win X 205,000 (if not win, how much will you get?) P(x) 0.0000054 (what is the probability of not win?) XP (x) (find the value of x times its corresponding probability) E(x) 0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Pepsi and Mountain Dew products sponsored a contest giving away a Lamborghini sports car worth $215,000. The probability of winning from a single bottle purchase was .00000884. Find the expected...

Pepsi and Mountain Dew products sponsored a contest giving away a Lamborghini sports car worth $288,000. The probability of winning from a single bottle purchase was .00000510. Find the expected...

Please evaluate Pepsi Refresh Project from different perspectives: 1.Break-Even perspective: a.How much sales (by %) should Pepsi increase in order to cover the expenses on Refresh Project? (5 pts.)...

ELE VATE t h e three disciplines o f advanced strate g i c th i nk ing R I C H H O R WAT H NEW YORK Times Be s ts ellin g A u thor O n s trateg y Contents Introduction 1 Elevate\t1 Importance of...

Please include detailed excel formula Q1 : Generate descriptive statistics (use the Data Analysis tool) Defects per 100 Vehicles, 2010 Model Year Column1 Brand Defects Acura 86 Brand Defects Brand...

Please include the excel formula. Ruiz Company issued bonds on January 1 and has provided the relevant information. The Controller has asked you to calculate the bond selling price given two...

Please help me find this one question- the acid-test/quick ratio and please include the excel formula. thank you. + Games Galore has summarized its condensed financial statements for the past two...

please include the excel formula REQUIRED: Respond to the following questions. Written responses must comprise at least three complete sentences, with proper grammar and punctuation. Cite any...

CASE STUDY QUESTION Perform the ratio calculation All calculation must be done using excel formula. please include the excel formula for each question i Case 1 Assignment (4) (1) Home Insert Page...

Use the MS Excel PV function to complete the table below Assumptions Amount now $7,500 Annuity (9 years) $2,200 Amount in 9 years $12,000 Present values 10% 11% Annuity (9 years) FORMULA FORMULA...

1. Which of the following is not an element of databasetransaction management that is commonly found in DBMS products? Checkpoints Rollback function Normalization Commit statements 2. What term...

The Smithson Capital Corporation is issuing a CMO with three tranches. The A tranche will consist of $1,000 million bonds with a coupon rate of 4.5 percent. The B tranche will consist of $200 million...

Tannenbaum Company exchanged a parcel of land with a book value of $ 8 0 , 0 0 0 for some equipment from Vincenzo Company with a fair value of $ 9 0 , 0 0 0 . In the exchange, Vincenzo also paid...

. A firm's value is comprised of $5 million in equity and $8 million in debt. Investors expect the firm's debt to return 9% and the firm's equity has a beta of 1.8. If the risk free rate is 5%, the...

2. Articles on Public-Sector Unionism. The Public Service Research Foundation, a private nonprofit organization, makes available papers and pamphlets that address a variety of issues related to...

2. Since the Priority Consideration under Article 22, Section 13 is included by the parties as a solution to a selection violation, is this priority selection the proper remedy? Why? Why not? At the...

3. What would be your ruling if the plant in Memphis had no union? Explain. TerryWilliams is an employee at a unionized plant in Memphis, Tennessee. Williams is a member of and represented by Local...