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dezoksy [38]
3 years ago
15

You have listed a house for $197,800. If the house sells for the listed price, the seller will make a profit of 15%. What price

did the seller pay for the house?
Business
1 answer:
My name is Ann [436]3 years ago
3 0

Answer: $168,130

Explanation: selling price = $197,800

Percentage profit = 15%

Profit = 15/100 × 197,800

Profit = 0.15 × 197,800

Profit = $ 29,670

But profit = selling price - cost price.

Hence, cost price = selling price - profit

Cost price = 197, 800 - 29,670

Cost price = $168,130

Cost price is the price the seller paid for the house

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3 years ago
Closing prices of two stocks are recorded for 50 trading days. The sample standard deviation of stock X is 4.638 and the sample
White raven [17]

Answer:

a) The correlation coeffcient is given by:

r = \frac{Cov(X,Y)}{S_x S_y}

And replacing we got:

r = \frac{-36.111}{4.638 *9.084}= -0.857

b) For this case we can conclude that we have a strong, negative linear association between the two stock prices.

Explanation:

Part a

For this case we have the following info:

s_x = 4.638 represent the sample deviation for the variable X

s_y = 9.084 represent the sample deviation for the variable Y

Cov(X,Y)= -36.111 represent the covariance between the variables X and Y

The correlation coeffcient is given by:

r = \frac{Cov(X,Y)}{S_x S_y}

And replacing we got:

r = \frac{-36.111}{4.638 *9.084}= -0.857

Part b

Describe the relationship between prices of these two stocks.

For this case we can conclude that we have a strong, negative linear association between the two stock prices.

5 0
3 years ago
Which function will give the average of values in the second column of a database named “Earnings” that meets the criteria liste
xeze [42]

Answer:

DDDD. =DAVERAGE(Earnings,2,A2:C4)

Explanation:

Took the test

7 0
3 years ago
True or false: keynes' law best applies to short time horizons that see fluctuations in total demand.
earnstyle [38]

It is a true statement that the Keynes law best applies to short time horizons which see fluctuations in total demand.

<h3>What is the Keynes law?</h3>

The Keynesian economic model is developed to adovate an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.

The law of Keynesian model states that demand creates its own supply and any changes in aggregate demand will cause changes in real GDP and employment.

In conclusion, the statement that Keynes law best applies to short time horizons which see fluctuations in total demand is true.

Read more about Keynes

<em>brainly.com/question/26987729</em>

5 0
3 years ago
The number and characteristics of sellers and buyers are known as _____.
loris [4]

Answer:

The number and characteristics of sellers and buyers is called market structure.

Explanation:

hope it help

8 0
3 years ago
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