Question
In: Advanced Math
The following data set provides information on the lottery sales, proceeds, and prizes by year in...
The following data set provides information on the lottery sales, proceeds, and prizes by year in Iowa.
FY
Sales
Proceeds
Prizes
1992
$166,311,122
$45,678,558
$92,939,035
1993
$207,192,724
$56,092,638
$116,820,274
1994
$206,941,796
$56,654,308
$116,502,450
1995
$207,648,303
$58,159,175
$112,563,375
1996
$190,004,182
$51,337,907
$102,820,278
1997
$173,655,030
$43,282,909
$96,897,120
1998
$173,876,206
$42,947,928
$96,374,445
1999
$184,065,581
$45,782,809
$101,981,094
2000
$178,205,366
$44,769,519
$98,392,253
2001
$174,943,317
$44,250,798
$96,712,105
2002
$181,305,805
$48,165,186
$99,996,233
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Create a graph using the sales and year. What approximate range of sales would you expect for the year 2017?
Select the correct answer below:
Between 250 and 300 million dollars
Between 300 and 375 million dollars
Between 375 and 400 million dollars
Between 500 and 550 million dollars
Solutions
Colby Messinger answered 1 year agoRelated Solutions
The following data set provides information on the lottery sales, proceeds, and prizes by year in...
The following data set provides information on the lottery
sales, proceeds, and prizes by year in Iowa.
FYI
Sales
Proceeds
Prizes
1986
$85,031,584
$27,631,613
$39,269,612
1987
$98,292,366
$31,157,797
$47,255,945
1988
$128,948,560
$40,090,157
$65,820,798
1989
$172,488,594
$49,183,227
$92,563,898
1990
$168,346,888
$50,535,644
$90,818,207
1991
$158,081,953
$44,053,446
$86,382,329
1992
$166,311,122
$45,678,558
$92,939,035
1993
$207,192,724
$56,092,638
$116,820,274
1994
$206,941,796
$56,654,308
$116,502,450
1995
$207,648,303
$58,159,175
$112,563,375
1996
$190,004,182
$51,337,907
$102,820,278
1997
$173,655,030
$43,282,909
$96,897,120
1998
$173,876,206
$42,947,928
$96,374,445
1999
$184,065,581
$45,782,809
$101,981,094
2000
$178,205,366
$44,769,519...
The following data set provides information on the lottery sales, proceeds, and prizes by year in...
The following data set provides information on the lottery
sales, proceeds, and prizes by year in Iowa.
FY
Sales
Proceeds
Prizes
1992
$166,311,122
$45,678,558
$92,939,035
1993
$207,192,724
$56,092,638
$116,820,274
1994
$206,941,796
$56,654,308
$116,502,450
1995
$207,648,303
$58,159,175
$112,563,375
1996
$190,004,182
$51,337,907
$102,820,278
1997
$173,655,030
$43,282,909
$96,897,120
1998
$173,876,206
$42,947,928
$96,374,445
1999
$184,065,581
$45,782,809
$101,981,094
2000
$178,205,366
$44,769,519
$98,392,253
2001
$174,943,317
$44,250,798
$96,712,105
2002
$181,305,805
$48,165,186
$99,996,233
HelpCopy to ClipboardDownload CSV
Create a graph using the sales and year. What approximate range...
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with...
For a multistate lottery, the following probability
distribution represents the cash prizes of the lottery with their
corresponding probabilities. Complete parts (a) through (c)
below. x (cash prize, $) P(x) 14,000,000 0.00000000547 200,000
0.00000032 10,000 0.000001604 100 0.000165836 7 0.004321645 4
0.008019353 3 0.01545068 0 0.97204055653 If the grand prize is
$14,000,000, find and interpret the expected cash prize. If a
ticket costs $1, what is your expected profit from one
ticket?
x (cash prize, $) P(x)
14,000,000 0.00000000547
200,000 ...
For a multistate? lottery, the following probability distribution represents the cash prizes of the lottery with...
For a multistate? lottery, the following probability
distribution represents the cash prizes of the lottery with their
corresponding probabilities. Complete parts? (a) through? (c)
below.
x? (cash prize,? $)
?P(x)
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Open in Excel
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Grand prizeGrand prize
0.000000008390.00000000839
?200,000
0.000000360.00000036
?10,000
0.0000018710.000001871
100
0.0001479450.000147945
7
0.0054037740.005403774
4
0.0064119730.006411973
3
0.011546880.01154688
0
0.976487188610.97648718861
?(a) If the grand prize is
?$12 comma 000 comma 00012,000,000?,
find and interpret the expected cash prize. If a ticket costs?
$1, what...
The following data set provides information on acres harvested and planted by year and value in...
The following data set provides information on acres harvested
and planted by year and value in the US. Year ASPARAGUS - ACRES
HARVESTED ASPARAGUS - ACRES PLANTED 2015 21,700 23,500 2014 23,800
25,800 2013 24,500 26,800 2012 25,300 27,800 2011 26,800 28,400
2010 28,000 29,200 2009 29,200 30,700 2008 32,200 33,700 2007
38,600 40,900 2006 43,200 44,700 2005 49,300 51,700 2004 61,500
66,000 2003 58,000 62,000 2002 66,000 70,500 2001 70,150 75,150
2000 77,400 82,800 1999 75,890 79,590 1998 74,430...
As a winner of a lottery you can choose one of the following prizes: 1) £1...
As a winner of a lottery you can choose one of the following
prizes:
1) £1 million now.
2) £1.5 million at the end of six years.
3) £80,000 a year forever, starting in one year.
4) £150,000 for each of the next ten years, starting in one
year.
If the discount rate is 8 per cent, which is the most valuable
prize?
Wang Company provides the following information for their first year of operation: Sales 5,00
Wang Company provides the following information for their first
year of operation:
Sales 5,000
units @
$10 Variable
production costs per unit:
SG&A
costs: Direct
materials $2
Fixed $1,000 Direct
labor
$2
Variable $1
per
unit Var
MOH $1
Fixed
MOH $7,500 Production 7,500
units
(T or F) If Wang uses variable costing, operating
income will be $11,500.
True
False
Adelphi Company provides the following information for their first year of operations in 2018: Sales, 10,000...
Adelphi Company provides the following information for
their first year of operations in 2018:
Sales,
10,000 units @ $19 each
Total
production, 11,000 units
Production costs per unit:
Direct
materials $4.00
Direct
labor $4.00
Variable
overhead $2.00
Fixed
manufacturing
overhead $5,000
Adelphi Company uses absorption costing. Use this
information to determine for Adelphi Company the FY 2018 Cost of
Goods Sold. (Round & enter final answer to the nearest whole
dollar)
Bernoulli Glass Company provides the following information at the end of its current year: Sales revenue...
Bernoulli Glass Company provides the following information at
the end of its current year:
Sales revenue earned during the year
120,000
Cash remaining at end of year
13,200
Salaries owed to employees at end of year
2,000
Accounts receivable from customers
7,700
Loan borrowed from bank that is due in two years
8,800
Cost of equipment purchased in prior years, expected to last
four more years
14,000
Salary earned by employees during the year
6,400
Cost of inventory sold during...
Required information Use the following information for the Exercises below. Ramos Co. provides the following sales...
Required information
Use the following information for the Exercises below.
Ramos Co. provides the following sales forecast and production
budget for the next four months:
April
May
June
July
Sales (units)
670
750
700
770
Budgeted production (units)
610
740
710
710
The company plans for finished goods inventory of 290 units at the
end of June. In addition, each finished unit requires 5 pounds of
direct materials and the company wants to end each month with
direct materials inventory...
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