Answer:
discount; 1.8%
Explanation:
Calculation for the forward rate using this formula
forward rate=(F/S) - 1
Let plug in the formula
forward rate= ($1.60/$1.63) - 1
forward rate= -1.8 percent.
Therefore The forward DISCOUNT is 1.8 percent.
Answer: Please refer to Explanation
Explanation:
The Dominant Strategy in a game is the strategy that a player will choose that will provide them with the highest payoff regardless of what the other player does.
In the above, the dominant strategy will be for RAPHAEL to choose LEFT.
By choosing left Raphael makes a payoff of 4 if Susan picks Left as well and a Payoff of 6 if Sudan picks Right. This is better than him picking Right and he will get a Payoff of 3 if Susan chooses Right as well.
The Nash Equilibrium is the strategy where both are making the best that they can given the strategy of the other player and deviating from it will give them less pay out.
The dominant strategy therefore is for RAPHAEL to choose LEFT and for SUSAN to choose RIGHT.
This is because Raphael will pick Left as it maximises their payoff and Susan will then pick a strategy that gives her the highest payoff based on Raphael's decision which is to go RIGHT.
Answer:
The expected number of nondefective lightbulbs is 980 out of a random sample of 1,000 bulbs.
Explanation:
Hi, if the company is right, this is the operation that we need to do.
So, we are expecting 980 working bulbs out of a sample of 1,000
Best of luck
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