The probability of buying bread and cheese is 0.15
What is Probability?
Probability is the branch of mathematics that studies the possible outcomes of given events together with the outcome's relative likelihoods and distribution.
Step-by-step explanation:
Data
probability that a shopper buys bread, p(A) = 0.6
probability that a shopper by cheese, p(B) = 0.25
If two events A and B are independent, then the probability that A and B occurs is :
P(AUB) = P(A)*P(B)
Replacing with data
P(A∩B) = 0.6*0.25 = 0.15
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Disinflation is <span>a condition in which the price increases are slowing.
When the price increase is slow it means inflation rate (rise in the price of goods and services) is declining. Disinflation could lead to deflation, if the condition is this that the inflation rate is already low. May be decrease in the money supply and growth rate is the reason disinflation happens.
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Answer:
Explanation:
Cost = 68500
Date = January 1, 2017
December 31, 2019
Cost = 68500
Acc. Depreiciation = -34,250 (68500/6)*3
book Value = 34,250
Exchanged asset cost = 35000
Trade in gain = 750
Accounting Entries
Asset 35000
Accumulated depriciation 34250
Asset 68500
Gain on Exchange 750
Answer:
-2.01%
Explanation:
Modified duration = 8.05 years
Market yield = 0.25%
Initial yield to maturity = 10%
As per the price change and duration formula,
Change in price/Price of bond = - Modified Duration * Change in yield
Change in price/Price of bond = - 8.05 * 0.0025
Change in price/Price of bond = -0.020125
Change in price/Price of bond = -2.01%
Thus, if the market yield increases by 25 basis points, there will be a - 2.01% change in bond's price due to duration
