A Local Street Vendor Asks His Customer If He Would

question 3

Essay

A local street vendor asks his customer if he would like to play a game of chance. The vendor has a jar filled with 100 marbles. Of the 100 marbles, 80 are colored black while 20 are colored red. The vendor says that he'll reach in and pick a marble at random. If the marble is black, the vendor will pay his customer $1, but if the marble is red the customer must pay the street vendor $5. The picked marble is replaced after the game is finished. If this game is played indefinitely, is it more beneficial for the street vendor or the customer? Explain.

Understand the importance of providing detailed benefits to readers based on their familiarity with the topic.

Identify the optimal number of benefits to brainstorm for each persuasive message.

Recognize the characteristics of effective reader benefits.

Learn how to address multiple subgroups within an audience in persuasive messaging.

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Definitions:

FIFO

"First In, First Out," an inventory valuation method where the earliest items purchased are the first to be sold.

Inventory

The total amount of goods available for sale or use by a business.

Perpetual Inventory System

An accounting method that records inventory purchases or sales immediately through the use of computerized point-of-sale systems and enterprise asset management software.

FIFO Inventory

An inventory valuation method that assumes goods are sold in the order in which they were acquired, with the oldest inventory items sold first.