Answer and Explanation:
Given:
μ = 75 million
SD = 17 million
Probability (x) raw data = 110 million
Computation:
= Probability (x) < 110 million
= Probability [(x-μ) / SD] < [(110 - 75) / 17]
[(x-μ) / SD] = Z
= Probability [z] < [(35) / 17]
= Probability [z] < [2.05882353]
Using z calculator:
P-value from Z-Table:
Z score = 0.98024
Therefore, probability is 0.98024
Answer:
It is C.
Explanation:
When food is delivered to the table, the server does not have to ask the guests to identify who ordered what because they eat whatever is being ordered by people at their table. Hope this helps :)
The convexity of the bond is 61.810 and the duration of the bond is 7.330 years.
<u>Explanation</u>:
- A newly issued bond has a maturity of 10 years. It pays a 7.7% coupon rate. The coupon payments will receive each year. Using the coupon payments the year will be reduced.
- The maturity year will get reduced. So the duration of the bond is approximately 7.330 years. If the bond is sold at par value the convexity can be calculated using the number of years.
- So the convexity of the bond is 61.810.
