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Consider the following scenario when answering the following questions:
Imagine a game show on television where one lucky contestant is presented with four upside-down buckets that are numbered 1,2,3,and 4.Under one of the buckets is exactly one $100 bill.Under each of the other three buckets is exactly one $5 bill.After the game ends,the contestant will receive the amount of money that is under his or her bucket.
The host of the game show asks the contestant to choose one of the four buckets.After the contestant makes a choice,the host lifts up two of the remaining three buckets to reveal a $5 bill under each of them.At this point,only two buckets remain uncovered: the bucket that the contestant originally chose and the bucket that was not uncovered by the host.
The host subsequently asks the contestant if he or she would like to keep the original bucket or change buckets to the only other bucket remaining.
-If the contestant changes buckets from the original bucket to one of the other buckets remaining,what is the expected value of the game?
Gross Profit
The financial metric obtained by deducting the cost of goods sold from revenue, indicating the efficiency of a company in managing its labor and supplies in the production process.
Intra-entity Sales
Transactions that occur between divisions or subsidiaries within the same parent company, affecting consolidated financial statements.
Gross Profit
The revenue from sales minus the cost of goods sold, indicating the efficiency of a company's core operations.
Intra-entity Sales
Sales transactions occurring between two parts of the same entity, often involving the transfer of goods or services.
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