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grin007 [14]
3 years ago
10

A random experiment with three outcomes has been repeated 50 times, and it was learned that E1 occurred 20 times, E2 occurred 13

times, and E3 occurred 17 times. Assign probabilities to the following outcomes for E1, E2 and E3. Round your answer to two decimal places. What method did you use?a) classical methodb) relative frequency methodc) subjective method
Business
1 answer:
enot [183]3 years ago
8 0

Answer:

P(E1)=\frac{20}{50}=0.4

P(E2)=\frac{13}{50}=0.26

P(E3)=\frac{13}{50}=0.34

I used the relative frequency method

Explanation:

To solve this question we can use the relative frequency to find out each probability. The relative frequency is the ratio of the occurrence of each event and the total number of outcomes.

Here the experiment has been repeated 50 times, so that is the total number of outcomes and the denominator. There are 3 possible events E1, E2, and E3, so we can calculate the ratios to get the probabilities

Event E1 occurred 20 times of the 50: P(E1)=\frac{20}{50}

Event E2 occurred 13 times of the 50: P(E2)=\frac{13}{50}

Event E3 occurred 17 times of the 50: P(E3)=\frac{17}{50}

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disa [49]

Answer:

private limited companies

Explanation:

usually small to medium size business but there shares cannot be sold to the public.

4 0
2 years ago
You can buy or sell the £ spot at $1.98 to the pound. You can buy or sell the pound one-year forward at $2.01 to the pound. If U
Aleonysh [2.5K]

Answer:

X= 3.45%

Explanation:

Data provided

One year future exchange rate = $2.01

Spot exchange rate = $1.98

Interest rate is USA = 5%

The computation of British interest rate is shown below:-

Assume Interest rate in UK = X%

One year future exchange rate = Spot exchange rate × (1 + Interest rate is USA) ÷ (1 + X%)

$2.01 = $1.98 × (1 + 5%) ÷ (1 + X%)

$2.01 ÷ $1.98 = (1 + 5%) ÷ (1 + X%)

(1 + X%) = 1.05 ÷ 1.01515

X= 3.45%

5 0
3 years ago
What best determines whether a borrower's investment on an adjustable rate loan goes up or down?
Elden [556K]

Answer:

c.a market's condition

Explanation:

The best option that determines the borrower investment would go down or up is market conditioned

Market condition is refer to the variation in the stock market. There are many factor that determine the condition of rate loan. it is always not one factor that decide the current situation. The market condition is always inversely proportional to rate loan. which indicates whatever be the conditioned of the market is, the loan rate would be opposite to that.

7 0
3 years ago
You purchase 200 shares for $70 a share ($14,000), and after a year the price rises to $80. Calculate the percentage return on y
vladimir2022 [97]

Answer:

14.29%

Explanation:

Number of shares purchased= 200

Purchase price per share= $70

Year end price = $80

Total Investment cost = 200 shares * $70 per shares = $14,000

Percentage return earned on investment = Number of shares * (Year end price - Purchase price) / Investment

= 200 * ($80 - $70) / $14,000

= $2,000 / $14,000

= 0.142857

= 14.2857%

= 14.29%

4 0
3 years ago
Three entrepreneurs were looking to start a new brewpub near sacramento, california, called roseville brewing company (rbc). bre
svet-max [94.6K]

Answer:

A lot of information is missing as well as the requirements, so I looked for similar questions.

The requirements are:

<em>a. What is the break-even point in sales dollars for RBC? </em>

<em>b. What is the margin of safety for RBC? </em>

<em>c. What sales dollars would be required to achieve an operating profit of $250.000? $490.000?</em>

<em />

a) break even point = total fixed costs / contribution margin

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break even point = $1,124,430 / 73% = $1,540,315

b) margin of safety = current sales - break even point = $1,953,000 - $1,540,315 = $412,685

c) operating profit = $250,000 ⇒ ($1,125,430 + $250,000) / 73% = $1,884,150.69

operating profit = $490,000 ⇒ ($1,125,430 + $490,000) / 73% = $2,212,917.81

7 0
3 years ago
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