Answer:
0.259
Explanation:
difference in loan loss allowance in the year= 4.5-4.2= 0.3m
difference in non performing loans in the year= 6.2-5.8= 0.4m
Provision for loan loss= (difference in loan loss allowance + difference in non performing loans)/ net charge offs
provision for loan loss= (0.3+0.4)/2.7=0.259
In the problem, the given data is the mean and the
variance. Now to solve this problem, we must remember that the formula for
variance is:
Variance = s^2
Where s is equivalent to the standard deviation,
therefore:
s = sqrt (Variance)
Calculating for the value of the standard deviation given
Variance = 184:
s = sqrt (184)
s = 13.56 % (ANSWER)
Answer:
$80,000
Explanation:
Given that the sales revenue = $1000000
Labor= $600,000
Capital= $150,000
Materials =$200,000
Total expenditure= $(600,000+150,000+200,000)=$950,000
Profit=$1000,000-$950,000=$50,000
Income from renting the space for a year=$30,000
Total economic profit last year= $50,000+$30,000 =$80,000
