A special roulette wheel, which has an equal number of red and black spots, has come up red four times in a row
Assuming that the roulette wheel is fair, what concept allows a player to know that the probability the next spin of the wheel will come up black is 0.5?A) Concept of independent events
B) Concept of mutually exclusive events
C) Concept of dependent events
D) Concept of mutually inclusive events
A
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Cape Sky Inc, an international insurance and financial services company, is the primary sponsor of the annual New York City Marathon, which is attended by over one million fans and watched by approximately 300 million viewers worldwide
The Cape Sky logo and name are displayed throughout the race course. Cape Sky most likely sponsors this event in order to appeal to which of the following types of publics? A) financial publics B) citizen-action publics C) government publics D) general publics E) internal publics
A capacity alternative has an initial cost of $50,000 and cash flow of $20,000 for each of the next four years. If the cost of capital is 5 percent, what is the approximate net present value of this investment?
A) $20,920 B) $26,160 C) $49,840 D) $70,920 E) $106,990