Find the probability that all three tickets have no value

Assignment Help Financial Management
Reference no: EM131359090

A radio station runs a promotion at an auto show with a money box with 15 $100 tickets, 10 $50 tickets, and 12 $25 tickets. The box contains an additional 20 "dummy" tickets with no value. Three tickets are randomly drawn. Find the probability that all three tickets have no value.

The probability that all three tickets drawn have no money value is

Reference no: EM131359090

Questions Cloud

Great sales people are not slick or pushy : Discuss your experiences (good or bad) with sales people, why the experience was the way it was, and how you could improve the situation if you were in the sales person's role. Brad Haynes' Sales Theory (Keep or Toss) - Great sales people are not sli..
Dovetailing off the previous discussion board : Dovetailing off the previous discussion board, explain your position on the various compensation models discussed in the book. Why do you feel that particular model is the best one for you: 1) as an individual employee, 2) as an employer. How does th..
What is the length of the firm operating cycle : On average, D & M sells its inventory in 37 days, collects on its receivables in 3.4 days, and takes 35 days to pay for its purchases. What is the length of the firm’s operating cycle?
How much does it affect your purchasing behavior : How does the motivation of employees to do a good job/provide good service (regardless of the source of motivation: i.e. pride, fear, etc.) impact your impression 1) of their employer, 2) of the employee themself, 3) the product/service they are disc..
Find the probability that all three tickets have no value : A radio station runs a promotion at an auto show with a money box with 15 $100 tickets, 10 $50 tickets, and 12 $25 tickets. The box contains an additional 20 "dummy" tickets with no value. Three tickets are randomly drawn. Find the probability that a..
Multiple factors affect the decision-making of buyers : In all sales/marketing situations, multiple factors affect the decision-making of buyers. In B2B situations it may be the influence of various people within the company based on their expertise, credibility, etc. As a consumer, how does this influenc..
Business of the people on both sides of the transaction : Nothing is generated until something is sold, but what is the value (not cost) to a business of the PEOPLE on both sides of the transaction?  Regardless of the business you are in, what is one over-arching tenet YOU FEEL is important to keep in mind ..
Othing is generated until something is sold : Fact: Nothing is generated until something is sold. Fact: Marketing's role is to put people and products in the best possible position to make a sale. Fact: Marketing is the sexy/fun/visible part of the sales process. Knowing these facts, how are mar..
What price would you estimate for halliford stock : Halliford Corporation expects to have earnings this coming year of $ 3.28 per share. Halliford plans to retain all of its earnings for the next two years. For the subsequent two years, the firm will retain 50 % of its earnings. Assume Halliford's sha..

Reviews

Write a Review

Financial Management Questions & Answers

  Model the logistics system of adama through a directed graph

Adama is a French manufacturer of photovoltaic panels.- Model the logistics system of Adama through a directed graph and give a graphical representation of it.

  What exchange rate would the law of price hold shipping cost

The current spot exchange rate is 109.43 (in Yen). A particular commodity sells for $5,000 in the Unites Sates and 600,000 (in Yen) in Japan. Does the law of one price hold? If not explain how to profit through arbitrage. Taking the commodity prices ..

  What is the 2 year par yield

Suppose that the 6-month, 12-month, 18-month, and 24-month zero rates are 5%, 6%, 6.5%, and 7%, respectively. What is the 2-year par yield?

  What is the expected return of your investment

Suppose that the current price of eBay is $40 per share.  You buy 500 shares, using $10,000 of your own money and borrowing the remainder of the purchase price from your broker. The interest rate on the margin loan is 2% per month, and the maintenanc..

  What is the effective annual yield and current yield

PK Software has 9 percent coupon bonds on the market with 25 years to maturity. The bonds make semiannual payments and currently sell for 111.75 percent of par. What is the current yield on PK's bonds? What is the effective annual yield?

  Calculate the present value of the annuity streams

Calculate the present value of the following annuity streams: $7,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually.

  Rights and privileges of a common stockholders

All of the followings are the rights and privileges of a Common Stockholders EXCEPT:

  Most likely to lead to an increase of the additional funds

Jefferson City Computers has developed a forecasting model to estimate its AFN for the upcoming year. All else being equal, which of the following factors is most likely to lead to an increase of the additional funds needed (AFN)?

  Calculate the dollar amount of purchases

Calculate the dollar amount of purchases and then using that result , calculate the dollar amount of cash paid to suppliers using the following data

  Calculate the annuity that has same present value

Vandalay Industries is considering the purchase of a new machine for the production of latex. Machine A costs $1,830,000 and will last for 5 years. Variable costs are 37 percent of sales, and fixed costs are $152,000 per year. Machine B costs $4,440,..

  When considering stand-alone risk

When considering stand-alone risk, the return distribution of a less risky investment is more placed ("tighter") than that of a riskier investment. What shape would the return distribution have for an investment with (a) completely certain returns an..

  Analyze the return on equity for the last 2 years

Analyze the Return on Equity (ROE) for the last 2 years using the DuPont method. - Develop a comparison of your three companies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd