Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

problem 1: Computer World, an electrical and IT warehouse decreased the price of 32” LED monitors from £599.99 to £399.99. Compute the percentage reduction in price to three decimal places.

problem 2: The cost of hiring a bus from London to Manchester for a day is £250.00. The breakdown of the cost into labor, fuel, overheads and profit is in the ratio of 3:4:2:1. How much of the cost of hiring was for:

a) Profit
b) Overheads

problem 3: Mark is a commercial manager, working for an engineering company. He receives a basic salary of £46,000 per year and a bonus of 5%. His tax-free allowance is £8,105 for the current tax year. The basic rate of tax is 20%, up to £34,370 above the tax allowance and 40% from £34,371. Compute:

a) Gross pay for the year.
b) Amount of tax he pays in this year
c) Net pay for the year.

problem 4: Solve the given simultaneous equations by using algebra:

6x + 4y = 48
x + 9y = 63

problem 5: GPW Wholesalers give a discount of 5% of an invoice if it is paid on time and a further discount of 1/30 of the invoice for early payment in 10 days.

Compute the fraction of the invoice which is deducted for early payment.

problem 6: The number of bicycles generated by Strider Cycles over a six-month period was as shown below:

1992_mean number of bicycles.jpg

a) Illustrate the above table as a line graph.

b) Compute the mean number of bicycles produced.

problem 7: Dawn invested £9,000 in an Instant Access Savings Account. The account attracts an interest rate of 2.7% per annum. Tax is deducted from the interest at a rate of 20%.

a) Compute the net rate of interest paid into the account.

b) Draw a table to show the amount of money in the account at the end of each year, for a ten-year period.

c) Draw a curve to exemplify the growth of this investment.

d) If no money is withdrawn from the account:

  • How much is in the account after 7 years.
  • Compute the cumulative rate of growth after 9 years.

problem 8: The money markets affect the spot and forward rates for currency exchange on a daily basis. In case of someone owning property in Europe, transferring money into a foreign bank account at the rate applicable at the time of transfer is important. On a specific day the sterling rates of exchange for Euros are:

Closing market rate: 1.2275 – 1.2360
Previous market rate: 1.2136 – 1.2245

James visited his bank on the previous day to transfer £16,000 sterling into his Spanish bank account.

a) What is the maximum number of Euros he can expect to be credited to his account in Spain?
b) What is the least number of Euros which would have been credited?
c) Express the difference between these two figures in a) and b) as a percentage difference between the two rates.
d) If the bank charges £30 to make a transfer, what is the true range of exchange rates which will apply?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M94180

Have any Question? 


Related Questions in Statistics and Probability

A researcher would like to study bmi levels in adults 20-40

A researcher would like to study BMI levels in adults 20-40 years of age. She selected 9 patients and found their BMI values to be: 38, 19, 25, 26, 29, 18, 34, 32, 30 The mean BMI level of this group of patients is 25.8 ...

What was the hellenistic age and how did it come to be what

What was the Hellenistic age and how did it come to be? What are some special characteristics of Hellenistic cities, art, culture, thought, and achievements? What were some of the major contributions of the Hellenistic a ...

Prove that the boundary of a simplex s is the set of all

Prove that the boundary of a simplex S is the set of all the points y in S whose barycentric coordinate representation has at least one zero coordinate.

Jenks co partially refunded 180000 of its outstanding 10

Jenks Co. partially refunded $180,000 of its outstanding 10% note payable, made 1 year ago to Arma State Bank by paying $180,000 plus $18,000 interest (having obtained the $198,000 by using $52,400 cash and signing a new ...

Electronic mail game let lgtmgt 0 be two positive real

Electronic Mail game Let L>M> 0 be two positive real numbers. Two players play a game in which the payoff function is one of the following two, depending on the value of the state of nature s, which may be 1 or 2: The pr ...

An analyst from an energy research institute in california

An analyst from an energy research institute in California wishes to precisely estimate the 99% confidence interval for the average price of unleaded gasoline in the state. In particular, she does not want the sample mea ...

Anbsppsychologist would like to examine the effects of a

A psychologist would like to examine the effects of a new drug on the activity level of animals. Three samples of rats are selected with n = 5 in each sample. The rats in the first sample serve as a control and do not ge ...

Assume that womens heights are normally distributed with a

Assume that women's heights are normally distributed with a mean given by mu equals 63.3 in, and a standard deviation given by sigma equals 3.1 in. Complete parts a and b. a. If 1 woman is randomly selected, find the pro ...

Assignment quantitative methodsquestion 1 a large shipping

ASSIGNMENT: QUANTITATIVE METHODS QUESTION 1: A large shipping company recorded the tonnage shipped weekly across the pacific for 50 weeks. The data is presented in the table below. 530 492 462 379 487 523 600 618 548 431 ...

Your statistics teacher knowing the power of sampling

Your statistics teacher, knowing the power of sampling, decides to use only 3 of your 5 quiz grades in assigning your grade for the course, chosen at random. Your quiz average using all 5 quizzes is 81.6, with a standard ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro