1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Liula [17]
3 years ago
14

Two hundred people were asked if they had read a book in the last month. The accompanying contingency table, cross-classified by

age, is provided below.
Under 30

30 +

Yes

76

65

No

24

35

Business
1 answer:
Rainbow [258]3 years ago
3 0

<em>Question Continuation</em>

<em>The probability that a respondent read a book in the last month and is at least 30 years old is the closest to </em>

<em> A. 0.33 </em>

<em> B. 0.88 </em>

<em> C. 0.46 </em>

<em> D. 0.12 </em>

<em>See Attachment for complete question </em>

Answer:

A. 0.33

Explanation:

To solve this question, we need the intersecting cell of Yes and 30+

n(Yes\ n\ 30+) = 65

The probability is then calculated as follows:

P(Yes\ n\ 30+) = \frac{n(Yes\ n\ 30+)}{Total}

Where Total = 200

P(Yes\ n\ 30+) = \frac{65}{200}

P(Yes\ n\ 30+) = 0.325

From the list of given options; (A) is the closest to 0.325

Hence:

<em>Option A answers the question</em>

You might be interested in
Leona bought two different brands of wine from vineyards in Australia. When asked for her opinion about the wines, she said that
liraira [26]

Answer:

Post-Purchase Evaluation.

Explanation:

There are five stages of purchase decision making process as given below

  1.    Problem Recognition.
  2.    Information Search.
  3.    Evaluation of Alternatives.
  4.    Purchase Decision.
  5.    Post-Purchase Evaluation.

Since Leona has bought the product it will be post purchase act and also she is examining the taste of product, she is in the evaluation process of the product and hence she is in post purchase evaluation stage of buyer decision process.

3 0
3 years ago
You can buy property today for $2.2 million and sell it in 5 years for $3.2 million. (You earn no rental income on the property.
Stolb23 [73]

Answer:

PV of the sales price  $1,986,948.23

 

Explanation:

We will calcualte the present value of the sale price using the present value of a lump sum formula:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity 3,200,000

time                         5 years

rate         10% = 10/100 = 0.1

\frac{3200000}{(1 + 0.1)^{5} } = PV  

PV        $1,986,948.2338  

This indicates the 3,200,000 in five years are equivalent to 1,986,948.23 dollars Thus, this investment is not profitable as the property will be purchased at 2,200,000

7 0
2 years ago
Can someone please help me with this question!
Dafna1 [17]

Answer:

I think you got it right*

Explanation:

I think this is the same question I took.

6 0
2 years ago
Twenty years ago, you won a state lottery, and you received $15,000 at the end of each of the next 10 years, and $20,000 at the
oksian1 [2.3K]

The value of the amount won at the lottery at the end of 20 years is  $723,672.24.

<h3>What is the value at the end of 20 years?
</h3>

The formula for calculating future value of annuities is: yearly amount x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

  • r  = interest rate
  • n = number of years

Annuity factor for the first ten years = [(1.09^10) - 1] / 0.09 = 15.19293

15.19293 x $15,000 = $227,893.95

Annuity factor for the last 5 years = [(1.09^5) - 1] / 0.09 = 5.9847

5.9847 x 20,000 = $119,694.21

Future value of the lump sum of  $227,893.95 in 10 years =  $227,893.95 x (1.09^10) = 539,507.86

Future value of the lump sum of $119,694.21 in 5 years = $119,694.21 x (1.09^5) = $184,164.38

Value in year 20 =  $184,164.38 +  539,507.86 = $723,672.24

To learn more about annual annuities, please check: brainly.com/question/24108530

#SPJ1

4 0
2 years ago
What is goodwill in a business sale and why is it amortized in the business financial statements
astra-53 [7]

Answer:

See below

Explanation:

Goodwill arises when is a business is acquired as a going concern. It is an intangible asset of a business. Goodwill represents the value of a company's customer base, its location, any patents, and the brand name. It consists of the value of suppliers, customers, and employee relationships that facilitates the smooth running of the business.

The value of goodwill is the difference between the purchase price and the net cost of its tangible and other intangible assets of a business. Amortization of goodwill means spreading the cost of goodwill to several financial years.

Goodwill is amortized because the business benefits from the goodwill for many years.  In other words, the expenditure on goodwill will profit the company in more than one financial year. As per the matching principle, expenses and incomes should be recognized in the period they occur. As benefits will be enjoyed in many years, the expenses should also be spread in similar years.

7 0
3 years ago
Other questions:
  • The ______ operator always follows the cin object, and the ______ operator follows the cout 44 object.
    11·1 answer
  • At a quantity of 130, marginal benefit equals ______ and marginal cost equals _____.
    7·1 answer
  • On July 1, based on prior experience, Rocky estimated there is a 40% chance it will earn the bonus for July tours. It guided a t
    7·1 answer
  • Before 1993, the U.S. Forest Service sold timber-cutting rights:
    6·1 answer
  • Determine which statement about the absolute value of the price elasticity of demand is correct. The price elasticity of demand
    11·1 answer
  • A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%. a. If interest is paid annually, what is the bo
    5·1 answer
  • The following income statement and information about changes in noncash current assets and current liabilities are reported. SON
    6·1 answer
  • The management of Kawneer North America is considering investing in a new facility and the following cash flows are expected to
    6·1 answer
  • Only answer if you're willing to assist. I have a project for Entrepreneurship, in which I need to make a powerpoint for a new k
    12·2 answers
  • Markets for individuals looking to buy products or services for personal or household use are called _____.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!