For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. x(cash prize,$) p(x)grand prize 0.825200,000 0.1610,000 0.1676100 0.0001675637 0.0051627223 0.018773580 0.0.96922079975if the grand prize is $17, 000, 000, find the interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is ?

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.

Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is: