As the manager of the human resources department at your firm, you are investigating the number of sick days employees took during the last calendar year. For employees in the marketing area, the average number of sick days is 4.8 with standard deviation 2.1; for those in the research and design (R&D), the mean …
Suppose for a given month, the mean daily closing price for stock A was 142.54 and the standard deviation was 13.4. For stock B, the mean daily closing price was 82.54 with a standard deviation of 8.4.Which stock was more volatile? Stocks with greater coefficients of variation are considered more volatile.
If the probability that your DVD player breaks down before the extended warranty expires is 0.028, what is the probability that the player will not break down before the warranty expires? The probability that the player will not break down before the warranty expires is
The Metro City Transit System (MCTS) is made up of the red line and the blue line. The red line has five cars and averages 355 passengers per run. The blue line has six cars and averages 496 passengers per run. Solve parts a. through c. to determine which line is more deserving of …
Find the value of the ordinary annuity at the end of the indicated time period. The payment R, frequency of deposits m (which is the same as the frequency of compounding), annual interest rate r, and time period t are givenamount $1,000; quarterly; 5%; six years What is the value of the ordinary annuity …
Angela’s bank gave her a 3-year add-on interest loan for $5,220 to pay for new equipment for her antiques restoration business. The annual interest rate is 7.29%. How much interest will she pay? What are her monthly payments?She will pay how much in interest on the loan. (Round to the nearest cent.) …
You are given an annual interest rate and the compounding period for two investments. Decide which is the better investment.9.6% compounded quarterly; 11% compounded Often, through government-supported programs, students may obtain “bargain” interest rates such as 6% or 8% to attend college. Frequently, payments are not due and interest does notaccumulate until the student …
According to a certain central bank from 2000 to 2016 the average price of a new home in a certain region increased by 97% to $617thousand. What was the average price of a new home in 2000?
