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- Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5 for rolling a 6 or a 5, nothing otherwise. You will not have your payment of $3.00 refunded. What is your expected net winnings?A. − $3.00B. − $1.33C. $3.00D. $53 xp. 3.Suppose you pay $1.00 to roll a fair die with the understanding that you will get back $3 for rolling a 2 or a 5, nothing otherwise. You will not have your payment of $1.00 refunded. What are your expected winnings? A. $1.00B. − $1.00C. $3D. $0
- A game consists of rolling a colored die with three blue sides, two red sides and one white side. A roll of blue loses. A roll of red pays $3.00. A roll of white pays $5.00. The charge to play the game is $3.00.What is the estimated value? Would you play the game?Deductible A car owner may buy insurance that will pay the full price of repairing the car after an at-fault accident, or save $12 a year by getting a policy with a $500 deduct- ible. Her insurance company says that about 0.5% of drivers in her area have an at-fault auto accident during any given year. Based on this information, should she buy the policy with the deductible or not? How does the value of her car influence this decision?Tearned in this section. 2. Pedro is retiring after working for 27 years at a major bank. The company offers him a flat monthly retirement benefit of $55 for each year of service. What will his monthly pension be?
- What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $875, if it pays 8% fixed interest for the duration of the bond? yield = [ ?] % %3D Give your answer as a percent rounded to the nearest hundredth. Hint: yield = interest paid price paid Enter 1 Acellus Corporation. All Rights Reserved. MacBook 20 1l DD F4 F7 F8 F9You get a job with a salary of $38,000 a year. You are promised a $2,400 raise each subsequent year. During a 8-year period your total earnings are $ acer 0What is the average annual income for someone who has had three years of additional schooling or training but no degree? Recall from your assignment 1.3, A high school graduate can make $31,200 per year. Any additional year of training or schooling can increase the salary by $4,000 per year. $