Dallas is the manager of a manufacturing company. dallas's approach is to break down assembly workers' jobs into a series of ele
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The average time (in minutes) Americans spend commuting to work is: 26.9 minutes.
<h3>How to calculate the average time Americans spend commuting to work?</h3>To calculate the average time we must add all the values and then divide the result by the number of values. for example:
1 + 2 + 3 = 6 6 ÷ 3 = 2Based on the above, the operation to find the average time Americans spend commuting to work is:
23,3 + 28,3 + 24,6 + 32,1 + 31,7 + 25,8 + 38,1 + 24,9 + 26,8 + 23,4 + 28,5 + 28,1 + 29,3 + 24,4 + 23,0 + 24,8 + 26,2 + 23,4 + 28,4 + 20,1 + 32,2 + 21,4 + 23,8 + 30,7 + 24,8 + 23,6 + 25,3 + 31,7 + 43,8 + 22,0 + 27,1 + 34,2 + 28,3 + 25,0 + 26,4 + 23,6 + 23,4 + 25,8 + 20,2 + 26,1 + 24,8 + 32,6 + 28,5 + 27,3 + 26,8 + 24,0 + 20,1 + 32,8 = 1291,5
Then we must divide this result by the number of values.
1291,5 ÷ 48 = 26,9
Note: This question is incomplete because there is some information missing. Here is the information:
a. What is the mean commute time for these 48 cities? Round your answer to one decimal place.
Learn more about average in: brainly.com/question/2426692
Answer:
As a result of a fall in interest and YTM, the bond price will increase by $15.04
Explanation:
To calculate the change in price due to fall in interest rate, we must first calculate the price of the bond before and after the fall of interest rates.
To calculate the price of the bond, we need to first calculate the coupon payment per period. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 1000 * 0.062 * 0.5 = $31
Total periods (n)= 2 * 2 = 4
r or YTM = 6% * 1/2 = 3% or 0.03
The formula to calculate the price of the bonds today is attached.
<u />
<u>Before Interest rates Fell</u>
Bond Price = 31 * [( 1 - (1+0.03)^-4) / 0.03] + 1000 / (1+0.03)^4
Bond Price = $1003.717098 rounded off to $1003.72
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<u>After Interest Rates Fell</u>
New YTM = 6% - 0.8% = 5.2% or 0.052
Semi Annual YTM = 0.052 * 0.5 = 0.026
Bond Price = 31 * [( 1 - (1+0.026)^-4) / 0.026] + 1000 / (1+0.026)^4
Bond Price = $1018.764647 rounded off to $1018.76
Change in Bond Price = 1018.76 - 1003.72 = $15.04
As a result of a fall in interest and YTM, the bond price increased by $15.04
