Homework Answers
Total Bets Placed = 7000+4000+4000+3000+7000+8000 = $33000
Total Income = Total Bets Placed * Expected Value of Each $1 Bet
Total Income = $33000*0.053 = $1749
Total cost = $50 x 24 = $1,200
Net Income = Total Income - Total Cost = $1749 - $1200 = $549
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Question 9
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Question 9
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Read the Article posted below, then answer the following
questions:
1. As a junior member of your company’s committee to
explore new markets, you have received a memo from the chairperson
telling you to be prepared at the next meeting to discuss key
questions that need to be addressed if the company decides to look
further into the possibility of marketing to the BOP segment. The
ultimate goal of this meeting will be to establish a set of general
guidelines...
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