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15. You enter a raffle to win a cruise from Miani to St. Croix valued at 3,000 dollars. It costs 5 dollars to buy one ticket. You are eager to take the cruise and buy twenty tickets. Suppose 2,000 tickets are sold. (a) What is the probability that you will win the cruise? Answer: 0.01 (b)...
(1 point) The scores of students on the SAT college entrance examinations at a certain high school had a normal distribution with mean μ=556.3μ=556.3 and standard deviation σ=27.8σ=27.8. (a) What is the probability that a single student randomly chosen from all those taking the test scores 561 or higher? ANSWER: equation editor Equation Editor For parts (b) through (d), consider...
Score: 0 of 3 pts < 14 of 31 (16 complete) v → N Score: 40%, 16 of 40... 11.3 Study Plan Problem 7 Question Help Cost (dollars per week) 45007 Sue's Surfboards hires workers at $500 a week. Its total fixed cost is $1,000 a week. The table shows the firm's total product schedule and the graph shows the...
1, ABC Inc. has a machine that, as of December 31, 2018, has the following information: Cost: $10,800; Residual value: $1,800; Age: 2 years; Accumulated depreciation $6,000. Which of the following statements is correct? a. The useful life of the machine is 6 years. The annual depreciation is $1,500. b. The useful life of the machine is 3 years. The...
In a random sample of 100 registered voters, 20 say they plan to vote for Candidate A.Determine a 95% confidence interval for the proportion of all the registered voters who will vote for Candidate A.You are interested in knowing support for candidate by gender to provide strategic advice to candidate B. Suppose your guess based on previous knowledge is that...
Current Grade: 21.5/50.0 Remaining Time: 57:57:05 u need help with this problem or this material? ember to use the Academic Support resources able on your homepage in Brightspace or the learning modules A basic cellular package costs $20/month for 60 minutes of calling with an additional charge of $0.30/minute beyond that time. The cost function C() for using 3 minutes...
Stocks A and B each have an expected return of 15%, a standard deviation of 17%, and a beta of 1.2. The returns on the two stocks have a correlation coefficient of <1.0. You have a portfolio that consists A) The portfolio's beta is less than 12. B) The portfolio's standard deviation is greater than 17%. C) The portfolio's standard...
Your credit card has a current balance of $4,965.20. This balance is accruing interest at a nominal rate of 24.0% compounded monthly. Suppose you plan on spending an additional $1,000 at the end of next year (end of month 12) and $1,000 at the end of the following year (end of month 24) on this same card. What uniform end-of-month...
What do you think about certification? How could certification add to your career plans? Are there any negatives surrounding the Microsoft Certification? Do you plan to get one? Which one(s)? How will you know when you are ready? Have you looked at the discount certificates we have for Strayer students? Did you learn anything you didn’t know before from your...
Jane and John Smith have accumulated $650,000 for their retirement, which begins today. They plan to receive monthly payments from their investments, which will be paid at the beginning of each month over the next 35 years based on their estimated life expectancy. If investments are accumulating at an after-tax annual rate of 5.75%, compounded monthly, what will be the...