Discuss how you can determine which is a better financial deal. Also, what are the non-financial aspects to winning the lottery and how do they influence which option to take?
A better financial deal in this context is one where the expected value of winnings is greater than the amount that you have to pay to play.
For example, say in an experiment where you have to pay a certain amount X to roll a die and you win the amount that the die shows, the expected value of your winnings is 3.5 (Average of 1 to 6). So you should play this game if X is lesser than 3.5 i.e. if the amount you have to pay to roll the die once is less than 3.5, you should play thus game.
The non-financial aspects to winning the lottery have to do with the psychology of a person. Say for example, in the powerball, if most of the past winners had bought their ticket from say, Ohio, you'd be inclined to buying tickets in Ohio. This is one of the types of ways which can influence ones perspective about winning a lottery. Though I must add, lotteries are supposed to be random and correlation does not imply causation so one must not emphasize on the non-probabilistic aspects of lotteries.
Discuss how you can determine which is a better financial deal. Also, what are the non-financial aspects to winning the lottery and how do they influence which option to take?
Winning one of the big national lotteries provides a choice of how to receive the money. You can receive a much-reduced lump sum (like half or so) today, or the full amount in twenty annual payments starting today. Discuss how you can determine which financial deal is better. Also, what are the non-financial aspects to winning the lottery and how do they influence which option to take?
Winning one of the big national lotteries provides a choice of how to receive the money. You can receive a much-reduced lump sum (like half or so) today, or the full amount in twenty annual payments starting today. Discuss how you can determine which financial deal is better. Also, what are the non-financial aspects to winning the lottery and how do they influence which option to take?
Discuss the different types of financial and non-financial risks which pertain to your organization (you can also consider any company ). Consider your organisation or the company related to your group industry project, recommend a capital investment project and discuss what value will it add to the firm and should the organisation take up the project or not? (Hint: Use capital budgeting).
You have just won the Multi-State Lottery. You have the option of receiving a check for $40,000,000 every year at the end of the next 23 years. The lottery commission also allows you the option of receiving a one-time payment of $414,842,358 when you turn in the winning ticket. What is the approximate interest rate that the lottery commission is using to determine the one-time payment? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round...
The $1.6 Billion Mega-millions winning lottery ticket is based upon the total amount of cash received if the annuity option is taken. The cash prize is $913,700,000 which you get immediately. The annuity option starts with a $ 24,082,300. payment now and then annual payments that are each 5% higher than the last payment for a total of 30 payments. Let’s complicate this further and model Federal (24%) and CT State taxes (7%) which take away from your earnings. a....
What impact do cognitive changes have on aspects of aging? How can those influence the emotions of those who age? Provide some examples.
A lottery offers two options for the prize. (7 marks)Option A: $1000 a week for life.Option B: $1 000 000 in one lump sum.If you choose Option B, you have the opportunity to place the winnings into an investment that also makes regular payments, at a rate of 3%/a, compounded weekly. The annuity will pay out a specific amount weekly based on how long you want the annuity to last.an image of lottery number ballsHOWTOPICKWINNINGLOTTERYNUMBERSYSTEM.COMa. Which option would the winner...
1. Discuss internal factors and external factors that influence how work is organized 2. Discuss what you believe are the most important responsibilities of a governing board. 3. Why are teams, committees, and other groups needed in HCOs? 4. Which staffing processes do you think are most important? Why? 5. What can managers do to ensure that employees’ rights are not ignored?
1. Discuss internal factors and external factors that influence how work is organized 2. Discuss what you believe are the most important responsibilities of a governing board. 3. Why are teams, committees, and other groups needed in HCOs? 4. Which staffing processes do you think are most important? Why? 5. What can managers do to ensure that employees’ rights are not ignored?
Discuss some of the psychophysiological aspects of stress. Which evidence-based stress management interventions do you apply to clinical practice? How effective are they?