One option in a roulette game is to bet $ 16 on red. ​ (There are 18 red​ compartments, 18 black​ compartments, and two compartments that are neither red nor​ black.) If the ball lands on​ red, you get to keep the $ 16 you paid to play the game and you are awarded $ 16. If the ball lands​ elsewhere, you are awarded nothing and the $ 16 that you bet is collected. Find the expected payback for this roulette game if you bet $16on red.

Cost Account

In a certain state lottery, a lottery ticket costs 2. In terms of the decision to purchase or not to purchase a lottery ticket, suppose that the following payoff table applies: a. A realistic estimate of the chances of winning is 1 in 250,000. Use the expected value approach to recommend a decision. b. If a particular decision maker assigns an indifference probability of 0.000001 to the 0 payoff, would this individual purchase a lottery ticket? Use expected utility to justify your answer.

Suppose that Dmitri just won the lottery and must choose between three award options: 1. A lump sum of $40,000,000 received today 2. 15 end-of-year payments of $5,000,000 3. 40 end-of-year payments of $3,600,000 Assume the interest rate is 8.00%, entered as 8 on your financial calculator. Note: Take the absolute value of the present value when answering this question. Using a financial calculator yields a present value for option 2 of approximately and a present value for option 3 of approximately (when the interest rate is 8.00%). Based on this, Dmitri should choose option if he seeks to maximize present value. Now assume the interest rate is 9.00%, entered as 9 on your financial calculator. Note: Take the absolute value of the present value when answering this question. Using the table you just filled out and a financial calculator, yields a present value for option 2 of approximately and a present value for option 3 of approximately v (when the interest rate is 9.00%). Based on…

Let's try some questions: Fred buys a new truck by paying $15,000 cash and trading in his old truck ($10,000 market value). What is the cash equivalent price of the truck?

Please help me. Don't use any AI. It's strictly prohibited.

You purchased a new Beats headphone on sale for $200. Your grandma also bought one for you as a gift at the same price. Your friend offers to purchase the second headphone from you for $120. If you choose not to sell, the opportunity cost of keeping the second headphone Select one: O A. is $120. OB. cannot be determined without further information. OC. is zero OD. is $320. OE. is $80. AL 21 Time left 0:39:26

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SOLVE BOTH QUESTIONS ,DO NOT GIVE SOLUTION IN IMAGE