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The mean of a normal probability distribution is 500 and the standard deviation is 10. About 95 percent of the observations lie between what two values?
One study found that the average amount spent on textbooks by students is $434.75 per semester with a standard deviation of $77. If the expenditures on textbooks are normally distributed, then the
The store has no accounts receivable (it accepts only cash or bank cards for payment). Prepare a cash flow statement for the year, Income statement, and balance sheet.
Annual depreciation expense is expected to remain at $500,000. Assuming a 40% tax rate, find the relevant cash flows over the next 5 years associated with the proposed marketing campaign.
A continuous random variable measuring temperature of an object is known to have mean of 78 degrees Celcius with standard deviation of 4.7 degrees. According to the empirical rule what temperatures
A continuous random variable is normally distributed with mean of 175 and standard deviation of 18. According to the empirical rule what would the range of value be that are considered unusually hig
They are mutually exclusive, and project risk has been properly considered in the NPV analyses. Which project should be chosen? Explain.
What minimum sample size of randomly selected pregnancies should you select? Your criteria changed, you randomly sample 368 pregnancies and find the mean length to be 266 days. What is the confidenc
Suppose the expected inflation rate rises to 10%, but the real rate is unchanged. What happens to the nominal interest rate?
If the standard deviation of a random variable, Y, is 3, what is the standard deviation of the sampling distribution for y-bar based on a sample size of 36?
Explain the concept of equivalent annual cost and how it is used to compare projects with different lives.
If the standard deviation for the sampling distribution for the mean of a random sample of size 36 from a large population is 2, how large must the size of the sample become if the standard deviati
You roll a die, winning nothing if the number on top is odd, $1 for a two or four on top, and $10 for a six. Find the expected value and standard deviation of your propective winnings
You estimate that you will need $20,000 for the trip. How much do you need to set aside today if you can place your money in an investment vehicle earning an average of 4.50% per year?
The market response to this action was immediately positive, with the stock price of USX increasing $2.37 to close at $31.25 on the day of the announcement. Why do you think this action by USX wa
The net working capital will be recovered when the project ends. The required return is 15 percent. What is the project's equivalent annual cost, or EAC?
Suppose E is the event that when a die is rolled it comes up an even number, and F is the event that when rolled it comes up 1,2 or 3. What is the probability of F given E?
Set up the amortization schedule for a five-year, $1 million, 9 percent loan that requires equal annual end-of-year principal payments plus interest on the unamortized loan balance.
If a result is signifi cant at the 1% level, is it also always signi cant at the 5% level? If a result is signifi cant at the 5% level, what can you say about its significance at the 1% level? Just
Prepare a reconciliation of Lily's stockholders' equity of $100,000 to U.S. GAAP. Ignore income taxes. The following financial information is for Lily Company, a non-U.S. firm with shares listed on a
Return on sales for Long Pond is lower in 2008 than in 2007. What expense or expenses are causing this lower profitability?
Two dice are rolled. Let A denote the event that the number on the first die is greater than the number on the second die.
Next year it expects a net income of $3,145,778 and will pay out 70 percent as dividends. If the firm wants to limit its external financing to $1 million, what is the growth rate it can support?
A repeated-measures study with n = 16 participants is used to construct a 99% confidence interval for the population mean difference between two treatment conditions. The correct t values for the in
Explain the agency problem of MNCs. Why might agency costs be larger for an MNC than for a purely domestic firm?