Questions 16 - 18 refer to the following information. The average house price in May 2010...
Questions 16 - 18 refer to the following information. The average house price in May 2010 was $620,000. Suppose that house prices in Albany at that time were normally distributed with a standard deviation of $140,000. Please show all working
16. The top 2.5% of house prices in Albany at that time would be
approximately :
(a) $620,000
(b) $760,000
(c) $900,000
(d) $1,040,000
17. Suppose a random sample of 50 houses is taken. The best
estimate of the probability that the mean price of these 50 houses
is less than $600,000 is:
(a) 0.5
(b) 0.4432
(c) 0.1562
(d) 0.025
18. The price of a particular house is said to have a Z-value of
1.8. We could interpret this as meaning that:
(a) The price of this house is 1.8 standard deviations below the mean house price.
(b) The price of this house is 1.8 standard deviations above the mean house price.
(c) The price of this house is 1.8 times the mean house price.
(d) The price of this house is $180,000.
Homework Answers
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Questions 16 - 18 refer to the following information. The
average house price in May 2010...
Suppose the following information is collected on an application for a loan. a. Mortgage payments of...
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Probability 16.A researcher wishes to examine whether floor area of a house (SQFT) has a positive...
Probability
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Need problem solving process and the steps version 3 Questions 16 - 18 A survey of 100 businesses revealed that the...
Need problem solving process and the steps
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V. USE THE INFORMATION BELOW TO ANSWER PROBLEMS 16-18 Suppose that long time data shows that...
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16 - 20 Questions 16-20 are based on the following information. Bond investment. Suppose, you are...
16 - 20
Questions 16-20 are based on the following information. Bond investment. Suppose, you are a bond portfolio Manager. The composition of your portfolio is as follows 1-year Treasury note (180 days till maturity 5-year Treasury note 2 years till maturity 10-year Treasury note (9 years till maturity 25 10 20. 30-year Treasury bond (8 years till maturity: 25% 30-year Corporate bond (10 years till maturity: 30% You are pessimistic about the economy and hence predict the Fed will...
Need help on number 19 Thanks. d) Theta -e) Vega 18) Consider the following information regarding a DEF Call option....
Need help on number 19 Thanks.
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Probability
16.A researcher wishes to examine whether floor area of a house (SQFT) has a positive impact on a housing sales in an area of a city. To check this, a researcher collected a sample of 345 observations, and ran a simple linear regression Price 36050.74 40.38 SQFT (se) (16294.25) (11.39) r2 0.61 Which of the following statements is TRUE? A) B) C) D) The null hypothesis is rejected at 10% but not 5 % level of significance The null...
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Need problem solving process and the steps
version 3 Questions 16 - 18 A survey of 100 businesses revealed that the mean after-tax profit was $80,000 and the standard deviation was $12,000. You would like to formally estimate the population mean after-tax profit of a business. Q16 Suppose that you use the sample mean as the estimator. Find the standard error of the estimator. (a) 80,000 (b) 12,000 (c) 1,200 (d) 120 (e) 800 Answer (c) 1200 Q17 Find the...
20 I Price 147 18 + Show evidstid 1592 nwold 16 bruol zverbo169291 Isobem yd vb 16 + on oqqotorlw 992 bluow visslil gw nieg origiew b92us. Supply 200e) 12 eup gniwollot s wans ni woled I 917 idt i 10 o nog mundilupe 9 a 150W WOH SA8 d 9511910616715 woy bluow woh Ho ni 197166 + 91 tow nisiqxo vitana 58 Demand 10 20 30 40 50 60 70 80 Quantity 5. A new microeconomics book is introduced...
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16 - 20
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Need help on number 19 Thanks.
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