+1-415-315-9853

info@mywordsolution.com

## Statistics

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

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:

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d) If no money is withdrawn from the account: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

### Ron and veronica need to choose a name for their newborn

Ron and Veronica need to choose a name for their newborn daughter. After giving the matter much thought, they have narrowed the list of possible names to four: Abigail, Iris, Irene, and Olga. They now must choose one nam ...

### Suppose we randomly sample 400 nucleotides from the human

Suppose we randomly sample 400 nucleotides from the human genome. (Consider only a single strand.) Does the occurrence of adenine, thiamine, cytosine and guanine (A, C, T and G) in this sample suggest that nucleotides in ...

### A shoe company checks police records on 1200 randomly

A shoe company checks police records on 1200 randomly selected auto accidents and notes that teenagers were at the wheel in 180 of them. Construct a 90% confidence interval estimate of the proportion of shoe accidents th ...

### Assignment1 assume the speed of vehicles along a stretch

Assignment 1. Assume the speed of vehicles along a stretch of I-10 has an approximately normal distribution with a mean of 71 mph and a standard deviation of 8 mph. The current speed limit is 65 mph. a. What proportion o ...

### Best ribs wishes to pay off a debt of 40000 in 7 years what

Best Ribs wishes to pay off a debt of \$40,000 in 7 years. What amortization payment would they need to make each six months, at 6% interest compounded semiannually? (Use Table 12-2 from your text) \$3,541.05 \$3,910.63 \$2, ...

### An article in archaeometry involved an analysis of 48

An article in Archaeometry involved an analysis of 48 samples of Romano-Britishpottery, found at four different kiln sites in the United Kingdom. The samples were analyzed todetermine their chemical-composition. The perc ...

### The amount of soda a dispensing machine pours into a 12

The amount of soda a dispensing machine pours into a 12 ounce can of soda follows a normal distribution with a standard deviation of 0.08 ounce. Every can that has more than 12.20 ounces of soda poured into it causes a s ...

### If the results of a t-test lead you to reject the null

If the results of a t-test lead you to reject the null hypothesis, what is the probability that you have made a Type II error?

### The course text notes that tensions and differences in the

The course text notes that tensions and differences in the 1770s led to the American Revolution that eventually produced independence for the United States from Great Britain. When the War for American Independence broke ...

### Imagine that you conduct a study to test the average level

Imagine that you conduct a study to test the average level of guilt experienced by Christians, Jews, Buddhists, Muslims, and Hindus. Could you use an ANOVA to analyze your data? Why or why not?

• 13,132 Experts

## 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.

### 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

### Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen