Answer:
Explanation:
Assume the initial invest at the beginning is $100.
The investment at end of year 4 is:
100 x 1.16 x 1.11 x 1.1 x 1.1 = 155.80
a) CAGR over the 4 years = (155.8 / 100 ) ^ (1/4) = 11.72%
b) Average annual return over 4 years = (16% +11% + 10% +10%) /4 = 11.75%
c) Since the returns over the 4 year period are not much volatile, average annual return is a better measure.
If the investment's returns are independent and identically distributed, Average annual return will be the better measure because there is no correlation between returns over the years and thus there is no point to take into consideration the compounding effect by using CAGR.
Answer:
A buyer would be willing to pay at most $24,000.
Explanation:
There is a 40% chance of getting low quality cars.
Value of high quality car is $30,000.
Value of low quality car is $15,000.
Price of car that buyer will be willing to pay
=40% of lower quality+60% of higher quality
=40% of $15,000+60% of $30,000
=0.4*15,000+0.6*30,000
=$6,000+$18,000
=$24,000
So, the buyers will be willing to pay a maximum value of $24,000.
The question wants us to group the types of shopping in to different categories
- Appliances are: shopping goods
- Automobile battery jumpstart services are specialty
- Cemetery plot are unsought goods
What are shopping goods?
They are goods that are more expensive than the convenience goods. They need one to shop for them. Examples are appliances.
<h3>What are specialty goods?</h3>
They are the types of goods that people would refuse to take substitutes for. They search extensively for them.
<h3>What are unsought goods?</h3>
This refers to goods to there are rarely need for people to request for them An example would be funeral services.
Read more on goods here: brainly.com/question/24373500
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Answer: Ranking appraisal method
Explanation:
The firm where Gillian work appraises employees using the ranking appraisal method.
Ranking appraisal method: This is a traditional appraisal method in which employees are compared with each other for the purpose of determining their worth. It is the oldest and simplest form of appraisal.
Employees are ranked based on their performance, that is, from the highest to the lowest performing employee or from the lowest to the highest performing employee. The ranking in the form of first position to the last position. Every employee strives to come first and be ahead of each other.
This type of appraisal encourages employees to compete healthily with each other so as to have a better ranking score. Employees become more productive and it increases the business output.
However, it is difficult to appraise employees using the ranking method when there are a large number of employees involved with different behavioural traits.
