Gene is paid $10/hour. He works 30 hours one week and 50 hours the second week. How much will Gene be paid for the second week?
A. $500
B. $550
C. $800
D. $300
Answer: B. $550
Business
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If a buyer takes title to a residential property "subject to" the existing loan and does not obtain the lender's consent, which of the following best expresses the potential consequences:
A: The seller may incur personal liability for the amount of the loan or any deficiency suffered by the lender to the extent permitted by law; B: The lender may accelerate the loan; C: The buyer may lose the property to foreclosure if unable to obtain new financing; D: All of the above.
Business
If the probabilities of each economic condition are 0.5, 0.1, 0.35, and 0.05, respectively, what is the expected value of perfect information?
What will be an ideal response?
Business