Answer & Explanation:
a) Total ways to select 4 cards out of 52
= 52 C 4 = 270725
Total ways to select 4 cards out of 40 other (faceless) cards
= 40 C 4 = 91390
P( faceless cards ) = 91390 / 270725
= 0.3376
P( minimum 1 face ) = 1 - P( faceless cards )
= 1 - 0.3376
= 0.6624
You should take the bet because probability of winning is greater than 50%.
b) Total ways to select 3 cards out of 52
= 52 C 3 = 22100
Total ways to select 4 cards out of 40 other (faceless) cards
= 40 C 3 = 9880
P( faceless cards ) = 9880 / 22100
= 0.4471
P( minimum 1 face ) = 1 - P( faceless cards )
= 1 - 0.4471
= 0.5529
You should take the bet because probability of winning is greater than 50%.
The rate of return required by investors in the market for owning a bond is called the <u>Yield to </u><u>maturity</u>
A bond's coupon rate is the rate it pays each year, and yield is the return it makes. A bond's coupon is expressed as a percentage of its face value. Face value is simply the face value of the bond or the value of the bond as quoted by the issuer.
A bond's current yield is the annual income from the investment, including interest and dividend payments, divided by the security's current price. Yield to maturity (YTM) is the expected total return from holding a bond to maturity.
The current yield is the annual rate of return on investment (interest or dividend) divided by the security's current price. This indicator looks at the current price of a bond rather than its face value.
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Answer:
C) tracking clients investment
Explanation:
Person finance involves the management of an individual's or a family's financial aspects, such as budgets, taxation, savings, and investments. A personal finance manager evaluates the financial need of an individual or a family . He or she assist in making decisions that lead to the attainment of short-term and long-term financial goals.
A personal finance manager plays several roles in helping their clients achieve their objectives, some of them include
- Develop realistic financial goals with the clients.
- Make plans on how the client will achieve his or her goals
- Recommending and undertaking investments on behalf of the clients.
- Assist clients in making specific provision for anticipated expenses such as education and retirement.
- Monitor investments on behalf of the client.
Hello,
The sensitivity of consumers to price changes is measured by the <span>price elasticity of demand
Hope this helps
~HotTwizzlers</span>
Answer: d. C(x) = 15 +0.05x.
Explanation:
The Cost function for the cake will be the sum of the fixed and variable costs that Mrs. Dill will incur per cake baked.
Fixed cost = $15
Total Variable cost = Number of cakes baked * variable cost per cake
= x * 5 cents
= x * 5 cents / 100 cents in a dollar
= 0.05x
Cost function is therefore:
= 15 + 0.05x