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RSB [31]
2 years ago
10

10. What happens during a bank run?

Business
1 answer:
joja [24]2 years ago
4 0

The thing which happens during a bank run is:

  • Customers attempt to withdraw more money than the bank has on hand.

<h3>What is a Bank Run?</h3>

This refers to the mass withdrawal of funds by a large number of customers where the banks are unable to pay everyone because they do not have the capacity to make such large withdrawals.

With this in mind, we can see that during a bank run, the main thing which pushes people is the fear of insolvency so that they would not lose their money.

Read more about bank run here:

brainly.com/question/10550250

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The mean monthly bill for a sample of households in a city is $70, with a standard deviation of $8.
Alenkinab [10]

Answer:

a) 39

b) 58

Explanation:

Data provided in the question:

Mean = $70

Standard deviation, s = $8

Number of households, n = 40

Now,

a) number of households whose monthly utility bills are between $54 and $86

z score for $54 = [ 54 - 70 ] ÷ 8                  [ z score = [ X - mean ] ÷ s]

or

z score for $54 = -2

z score for $86 = [ 86 - 70 ] ÷ 8                  [ z score = [ X - mean ] ÷ s]

or

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Therefore,

P(between $54 and $86) = P(z = 2) - P(z = -2)

= 0.9772498 - 0.0227501

= 0.9544997

Therefore,

number of households whose monthly utility bills are between $54 and $86

= P(between $54 and $86)  × n

= 0.9544997 × 40

= 38.18 ≈ 39

b) In a sample of 20 additional house i.e n' = 40 + 20 = 60

thus,

number of households whose monthly utility bills are between $54 and $86

= P(between $54 and $86)  × n'

= 0.9544997 × 60

= 57.27 ≈ 58

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Since Ames has only leased the office for one year, then the accumulated amortization should be $15,000

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which of the following is a resource within the workplace that will help you find information on safety health issues
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