As a broker for GetRich Investments your clients’ rates of return are a major concern. Your...
As a broker for GetRich Investments your clients’ rates of return are a major concern. Your records show that the mean returns for the last 500 clients was 5.4% with a standard deviation of 3.2% and that the returns are normally distributed. As the stock market rebounds your clients are dissatisfied if their returns fall below 9.6% and they will rely on the advice of a different financial advisor. What is the percentage of clients you will lose?
Homework Answers
Ans:
Given that
mean=5.4
standard deviation=3.2
z(9.6)=(9.6-5.4)/3.2=1.3125
P(z<1.3125)=0.9053
So,90.53% of the clients you will lose.
Add Answer to:
As a broker for GetRich Investments your clients’ rates of
return are a major concern. Your...
Jennifer is interested in the mutual fund RBC U.S. Index Fund – Series A. She has...
Jennifer is interested in the mutual fund RBC U.S.
Index Fund – Series A. She has a few questions for
you before she buys this investment.
a) Does the reported fund’s return include the Management
Expense Ratio (MER) ? Yes or No
b) What type of fee is charged: No-load, Front-end load or a
Back-end load?
c) Is the status of this mutual fund classified as a closed-end
or open-end mutual fund?
d) Based on your response in c), explain...
MULTIPLE CHOICE 1) Which of the following is NOT an investment as defined in the text?...
MULTIPLE CHOICE 1) Which of the following is NOT an investment as defined in the text? A) a certificate of deposit issued by a bank B) a new automobile C) a United States Saving Bond D) a mutual fund held in a retirement account 2) Which of the following is NOT traded in the securities markets? A) stocks B) bonds C) derivatives D) real estate 3) The governmental agency that oversees the capital markets is the A) Federal Trade Commission....
QUESTION 1 Manuela has worked as an accountant in her own accounting business, a sole proprietorship,...
QUESTION 1 Manuela has worked as an accountant in her own accounting business, a sole proprietorship, for more than seven years. Among the services she offers is tax return filing and personal investment advising. Which of the following is true of Manuela’s business? A. Manuela has little control over the management and operations of her business. B. Manuela has unlimited liability. C. Outside funding for the business has been easy for Manuela to obtain. D. Manuela had varied and complicated...
photos for each question are all in a row (1 point) In the following questions, use...
photos for each question are all in a row
(1 point) In the following questions, use the normal distribution to find a confidence interval for a difference in proportions pu - P2 given the relevant sample results. Give the best point estimate for p. - P2, the margin of error, and the confidence interval. Assume the results come from random samples. Give your answers to 4 decimal places. 300. Use 1. A 80% interval for pı - P2 given that...
In your judgement, and given only the facts described in this case, should the management of...
In your judgement, and given only the facts described in this
case, should the management of Massey energy Company be held
morally responsible for the deaths of the 29 miners? Explain in
detail.
Suppose that nothing more is learned about the explosion other
than what is described in this case. Do you think Don Blankership
should be held morally responsible for the deaths of the 29 miners?
Explain in detail.
Given only the facts described in this case, should the...
Please read the article and answer about questions. You and the Law Business and law are...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
LO 10-6, 10 10-36 Based on an assessment of audit risk, the auditors are concerned with...
LO 10-6, 10 10-36 Based on an assessment of audit risk, the auditors are concerned with the following two risks: 1. The risk that that the client might be making duplicate payments to vendors. 2. The risk that the client's accounting clerk might be making unauthorized payments to himself. a. Assuming that the client has a manual accounting system, describe how the auditors can design a test to identify the duplicate payments and unauthorized payments. b. Assuming that the client...
Jennifer is interested in the mutual fund RBC U.S.
Index Fund – Series A. She has a few questions for
you before she buys this investment.
a) Does the reported fund’s return include the Management
Expense Ratio (MER) ? Yes or No
b) What type of fee is charged: No-load, Front-end load or a
Back-end load?
c) Is the status of this mutual fund classified as a closed-end
or open-end mutual fund?
d) Based on your response in c), explain...
photos for each question are all in a row
(1 point) In the following questions, use the normal distribution to find a confidence interval for a difference in proportions pu - P2 given the relevant sample results. Give the best point estimate for p. - P2, the margin of error, and the confidence interval. Assume the results come from random samples. Give your answers to 4 decimal places. 300. Use 1. A 80% interval for pı - P2 given that...
In your judgement, and given only the facts described in this
case, should the management of Massey energy Company be held
morally responsible for the deaths of the 29 miners? Explain in
detail.
Suppose that nothing more is learned about the explosion other
than what is described in this case. Do you think Don Blankership
should be held morally responsible for the deaths of the 29 miners?
Explain in detail.
Given only the facts described in this case, should the...
LO 10-6, 10 10-36 Based on an assessment of audit risk, the auditors are concerned with the following two risks: 1. The risk that that the client might be making duplicate payments to vendors. 2. The risk that the client's accounting clerk might be making unauthorized payments to himself. a. Assuming that the client has a manual accounting system, describe how the auditors can design a test to identify the duplicate payments and unauthorized payments. b. Assuming that the client...
Most questions answered within 3 hours.
-
A project has a service life of five years with the initial
investment outlay of $200,000....
asked 26 seconds ago -
Employee develop involves longer term training and opportunities
that while not immediately needed on a current...
asked 17 seconds ago -
Why is the reticulum the affected compartment of the
stomach?
Group of answer choices
It has...
asked 2 minutes ago -
(Print distinct numbers) C++
Write a program that reads in 10 numbers and displays distinct
numbers...
asked 2 minutes ago -
Homework: Create a Class.... from scratch
Design , implement and test a class that can be...
asked 4 minutes ago -
A 3.0275 g sample of KHP (a primary standard, 1:1 acid:base,
FM=204.23 g/mol) is titrated with...
asked 8 minutes ago -
1. You need to make an aqueous solution of
0.165 M barium acetate for an
experiment...
asked 8 minutes ago -
Let X be a discrete random variable with the following PMF.
Px(k) =
1/4 for k...
asked 12 minutes ago -
ONLY use the information provided here on the
firm's Mission Statement. Written assessment must include
(1)...
asked 21 minutes ago -
2 Aliases
2a: Create an alias, numberfiles, which prints the number of
files in the current...
asked 29 minutes ago -
Hi so I'm currently using MIT App Inventor to create a app and I
wanted to...
asked 25 minutes ago -
Create a truth table for a 4-bit input where the output will be
a 1, if...
asked 27 minutes ago