Corey has 4929 songs in his computer's music library. the lengths of the songs have a mean of 242.4 seconds and standard deviat
ion of 114.51 seconds with the accompanying normal probability plot of song lengths. complete parts
a.and
b.below. loading... click the icon to view the normal probability plot of song lengths. a) is this distribution normal? explain.
a. yes, because there is a curved pattern to the plot.
b. no, because there is no pattern to the plot.
c. no, because the plot is not roughly a diagonal straight line.
d. yes, because the plot is roughly a diagonal straight line. b) if it isn't normal, how does it differ from a normal model?
a. the distribution is skewed to the left.
b. the distribution is skewed to the right.
c. the distribution is uniform.
d. the plot is normal.
a.and
b.below. loading... click the icon to view the normal probability plot of song lengths. a) is this distribution normal? explain.
a. yes, because there is a curved pattern to the plot.
b. no, because there is no pattern to the plot.
c. no, because the plot is not roughly a diagonal straight line.
d. yes, because the plot is roughly a diagonal straight line. b) if it isn't normal, how does it differ from a normal model?
a. the distribution is skewed to the left.
b. the distribution is skewed to the right.
c. the distribution is uniform.
d. the plot is normal.
1 answer:
Answer:
a. d. yes, because the plot is roughly a diagonal straight line
b. b the distribution is skewed to the right.
Explanation:
Note: Find attach the plot as picture
a. If the distribution of the song length is roughly Normal, the normal probability plot should be roughly a diagonal straight line. But the given normal probability plot is far from straight. So, the distribution of song lenghts is not normal
b. The distribution of song lenghts is skewed to the higher values, that is right skewed because the normal probability plot is curved and of inverted C shape
You might be interested in
Answer: Net present value = $446,556
Explanation:
First we'll compute the Weighted Average Cost of Capital :
Weighted Average Cost of Capital =
= 0.163× + 0.0729× (1 - 0.35 )×
= 0.1255
where;
= Cost of equity
= Proportion of equity
= Cost of debt
= Proportion of debt
Now, we'll compute the cost of capital using the following formula:
Cost of capital = Weighted Average Cost of Capital + adjustment factor
= 0.1255 + 0.0125
= 0.138 or 13.8%
∴ Net present value = Cash outflows - Total PV of cash flows
= $3,900,000 - $1,260,000 (Annuity value of 13.8% for 5 years)
= $3,900,000 - $3,453,444
= $446,556
Therefore, the correct answer is option(b).