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Truck tire life is normally distributed with a mean of 60,000 miles and a standard deviation of 4,000 miles. You bought four tires. What is the probability that the average mileage of the four tires exceeds 66,000 miles?
Statistics and Probability, Statistics
Forty-nine percent of US teens have heard of a fax machine. You randomly select 12 US teens. Find the probability that the number of these selected teens that have heard of a fax machine is exactly six (first answer list ...
Shekhar plans to invest $1,820 in a mutual fund at the end of each of the next six years. If his opportunity cost rate is 8 percent compounded annually, how much will his investment be worth after the last annuity paymen ...
A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...
Given the following partial relative frequency table Republican Democrat Independent Male 0.174 0.124 0.178 Female 0.126 0.106 ? Compute P(Republican | Male), and enter your answer with 3 decimal places. show working ple ...
Define and discuss the following business valuation process: a. Basic Framework b. Book Value Approach c. Market Value of Traded Securities Approach d. Market Multiple Approach e. Discounted Cash Flow Approach . details ...
In a random sample of 100 college student 60 were females, 65 were under 21 years of age and 15 males were 21 years of age or older, a student is selected at random from the sample. What is the probability that a female ...
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $400 for the coverage they need. Their insurance company offers a discount of 8 percent if the ...
Bob Miller's long-term financial goal is to retire comfortably in 23 years at age 65. You have conducted a robust risk profile analysis on him and have determined that he is an aggressive investor. Miller insisted on all ...
a) Using an hp 12c calculator, what are the correct steps to calculate IRR entered as monthly payments and if summed up for a year? b) Using an hp 12c calculator, what is the best way to calculate effective interest rate ...
Calculate the WACC given the following assumptions: a. Company tax rate is 40%. b. Company has an outstanding bond issue with a 6-7/8 coupon, market price of 102-5/8 (percent of 100% par, in 32nds), semiannual coupon pay ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As