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scoundrel [369]
3 years ago
8

You are in the market for a used car and decide to visit a used car dealership. You know that the Blue Book value of the car you

are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you do, how much are you willing to pay? Why? Assume that you care only about the expected value of the car you will buy and that the car values are symmetrically distributed.
Business
1 answer:
Artemon [7]3 years ago
3 0

Answer:

The expected value of the car you will buy is $22,000

Explanation:

In the given question, the car values are symmetrically distributed which means that we have to compute the mean between the values that are mentioned in the question.

So, the mean is an average of the numbers, the computation is shown below:

= (Value 1 + value 2) ÷ (number of observations)

= ($20,000 + $24,000) ÷ 2

= $22,000

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Answer:

tempering

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5 0
3 years ago
As Shirley responded to a personnel director's concerns about changing to the health-care plan her firm offered, she said, "I ca
erik [133]

Answer:

<u>Reffeal</u>

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3 years ago
The crawford company has 3,000 units in beginning finished goods. the sales budget shows expected sales to be 12,000 units. if t
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Formula: Finished Goods Inventory Beginning - Sales in units + Produced units= Ending Inventory

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3 0
3 years ago
Huggins Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 880 2 1,250 3 1,510 4 1,675 I
myrzilka [38]

Answer:

the present value is $4,316.35

Explanation:

The computation of the present value of given cash flows is shown below:

Present value is

= Cash flows at year 1 ÷ (1 + rate of interest) + Cash flows at year 2 ÷ (1 + rate of interest)^2 + Cash flows at year 3 ÷ (1 + rate of interest)^3 + Cash flows at year 4 ÷ (1 + rate of interest)^4

= $880 ÷ 1.08 + $1,250 ÷ 1.08^2 + $1,510 ÷ 1.08^3 + $1,675 ÷ 1..08^4

= $4,316.35

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5 0
3 years ago
California real estate licensee carmen has an mlo endorsement on her license. which of these actions is she required to take?
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She is required to include her MLO unique identification number on her business cards. Carmen is required by the law governing mortgage loan originators to include her distinctive identification on her business cards, but, not on real estate signage.

The first step in obtaining a mortgage is to speak with a loan originator, often known as a mortgage loan originator (MLO). An MLO's initial task is to convince you that working with them is your best alternative for borrowing money. The second is to direct you toward the settlement table. A loan originator is mostly a salesperson and just secondarily a loan approval chaperone.

The MLO, the borrowers, the processors, underwriters, and closers are all focused on the same successful end since mortgage loan approval is a team sport. Managing the team is the responsibility of the Loan Originator or MLO.

To know more about MLO refer here:

brainly.com/question/28079837

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8 0
2 years ago
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