Answer & Explanation:
a) Total ways to select 4 cards out of 52
= 52 C 4 = 270725
Total ways to select 4 cards out of 40 other (faceless) cards
= 40 C 4 = 91390
P( faceless cards ) = 91390 / 270725
= 0.3376
P( minimum 1 face ) = 1 - P( faceless cards )
= 1 - 0.3376
= 0.6624
You should take the bet because probability of winning is greater than 50%.
b) Total ways to select 3 cards out of 52
= 52 C 3 = 22100
Total ways to select 4 cards out of 40 other (faceless) cards
= 40 C 3 = 9880
P( faceless cards ) = 9880 / 22100
= 0.4471
P( minimum 1 face ) = 1 - P( faceless cards )
= 1 - 0.4471
= 0.5529
You should take the bet because probability of winning is greater than 50%.
Explanation:
It all depends on the market conventions and the bond documentation.
1 In most countries, traditionally fixed coupon bonds don’t have their coupons day counted. So if the frequency is twice a year, and the annual coupon rate is 5.5%, then each semi-annual coupon is exactly 5.5/2=2.75%. However a lot of other instruments, e.g. fixed swap legs, loans, and bonds that are really “loan participation notes”, etc. usually have their fixed coupons day counted. So each coupon amount will vary a little depending on the number of days in the accrual period, weekends and holidays.
Answer:
$34.12
Explanation:
Fixed Overhead Rate = Estimated total fixed manufacturing overhead ÷ estimated the labor-hours for the upcoming year
= $1,760,220 ÷ 66,000
= $26.67 per labor-hour
Predetermined Overhead Rate:
= Variable Overhead Rate + Fixed Overhead Rate
= $7.45 per labor-hour + $26.67 per labor-hour
= $34.12
Answer:
federal loans are provided by the government and private loans are provided by banks, credit unions, and other financial institutions.
Explanation:
Answer: Radial Autos should pursue Backward Integration.
Explanation: Backward integration is the process in which a company purchases or internally produces segments of its own supply chain. Simply put, it is when a company acquires and controls certain inputs that could be utilized in the process of manufacturing its products or services.
This is a competitive strategy, because it lowers the cost of production and this will reflect in the price of the final product.
This is the strategy that Radial Autos should pursue in order to lower cost and reduce risk in interruption of the supply component, because in adopting this strategy, they will have total control over the inputs they use in production.