Find the Expected Value $\frac { 1 } { 22 }$

question 2

Multiple Choice

Find the expected value.
-In a game, you have a $\frac { 1 } { 22 }$ probability of winning $89 and a $\frac { 21 } { 22 }$ Probability of losing $9. What is your expected
Value?

• A)-$8.59
• B)$12.64
• C)$4.05
• D)-$4.55

Recognize appropriate timing for transitioning to business discussions during a meal.

Analyze the proper handling and timing for business documents in a casual meeting setting.

Appreciate the significance of mobile device habits on professional and personal perception.

Know the critical components of an effective voicemail message.

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Definitions:

Cash Receipts

The money received by a business from transactions, including sales, debt collections, and other cash inflows.

Cash Payments

Cash payments refer to transactions in which money is exchanged immediately for goods or services, without the use of credit.

Accounts Payable

Liabilities or money owed by a company to its creditors or suppliers for goods and services received but not yet paid for.

Inventory Balance

The total value of all the goods and materials held by a company at a specific point in time.