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
goblinko [34]
3 years ago
15

A stock's price fluctuations are approximately normally distributed with a mean of $104.50 and a standard deviation of $23.62. Y

ou decide to purchase whenever the price reaches its lowest 10% of values. What is the most you would be willing to pay for the stock?
Business
1 answer:
denpristay [2]3 years ago
6 0

Answer:

$ 74.23

Explanation:

We are given the following:

mean, μ = $ 104.50

standard deviation, σ = $ 23.62

Using the z-score table, we have

P(Z < z) = 10%  (since we are evaluating lowest 10% of values)

hence P(Z < z) = 0.10

P(Z < -1.282 ) = 0.10

z = -1.282  (this evaluates to 0.1 on the z-score table)

Using z-score formula,

x = z *σ + μ

substituting the values,

x =- - 1.282 * 23.62 + 104.50

= 74.23

The most for the stock is $ 74.23

You might be interested in
What is the total sales-mix variance in terms of the contribution margin?
Karo-lina-s [1.5K]

The total sales-mix variance in terms of the contribution margin is $2,60,000 favorable.

The contribution margin is computed because of the promoting charge per unit, minus the variable fee per unit. Also called dollar contribution consistent with the unit, the degree shows how a particular product contributes to the overall earnings of the company.

Contribution margin, or dollar contribution consistent with the unit, is the promoting charge according to the unit minus the variable value in keeping with the unit. "Contribution" represents the part of income revenue that is not fed on with the aid of variable expenses and so contributes to the insurance of fixed expenses.

The closer a contribution margin percent, or ratio, is to a hundred%, the higher. The higher the ratio, the extra cash is available to cover the enterprise's overhead costs or fixed costs. However, it is much more likely that the contribution margin ratio is properly under 100%, and in all likelihood beneath 50%.

Learn more about contribution margin here brainly.com/question/24039258

#SPJ4

3 0
1 year ago
You are the beneficiary of a life insurance policy. the insurance company offers two options for receiving the proceeds: a lump
r-ruslan [8.4K]
Take the $550 per month for monthly income as after ten years it would reach the same amount just in a longer period of time
8 0
3 years ago
Which company attribute increases in value as stakeholders view that company in a positive light?
valentinak56 [21]

The company attribute that increases in value as stakeholders view that company in a positive light is company name or logo.

<h3>What is the The company attribute about?</h3>

Goodwill by a firm is known to be one that needs to be earned or made in a given time period.

Note that  it is one that is seen as the tool for success and profitability. A company's name, as well as their  corporate logo, and their  trademark will help to increase in value as stakeholders view of the  company.

Therefore, The company attribute that increases in value as stakeholders view that company in a positive light is company name or logo.

Learn more about company logo from

brainly.com/question/3686713

#SPJ1

4 0
2 years ago
Some individuals argue that accountants should focus on producing financial statements and leave the design and production of ma
dusya [7]

Answer:

If the accountants of an organization are to concentrate only on financial information then there will be no advantage. The both party (organization and the accountant) might suffer if this happened.

Moreover, it would be very costly to have two systems rather than one that captures and processes operational facts at the same time as it captures and reports financial facts.

The main disadvantage of this is that accountants would ignore much relevant information about the organization's activities. To the extent that such non-financial information (e.g., market share, customer satisfaction, measures of quality, etc.) is important to management, the value of the accounting function would decline.

Explanation:

3 0
3 years ago
According to circus founder p.t. Barnum, what happens without publicity?
Ad libitum [116K]

Answer:

The correct answer would be, Decline in Customers.

Explanation:

P.T. Barnum was a successful American promoter. He founded Ringling Bros. and Barnum & Bailey Circus in 1871. At a young age, he moved to New York and tried a lot of businesses including newspaper publishing and running a boarding house.

He started the circus in 1871 which became a huge success just because of his work plus the tactics of advertisement he used to promote his work. According to him, Decline in the customers happen without publicity. He believed that people will come to see your show only if you have attracted them enough to get them out of their houses and come to see your show through your powerful advertisements.

4 0
3 years ago
Read 2 more answers
Other questions:
  • ABC Computer Company has a factory in Silicon Valley. During the current year ABC builds worth of computer components. ABC's cos
    12·1 answer
  • In Sammy's fast food restaurant, she produces sandwiches, soups, and other items for customers in her town. Which of the followi
    8·1 answer
  • Required:
    7·1 answer
  • __________ is a growing tool for managers to enhance communication and collaboration in support of empowered or bossless work en
    6·1 answer
  • At the beginning of September, Selena Cantu started Cantu Wealth Management Consulting, a firm that offers financial planning an
    10·1 answer
  • What are the Business Activities ?​
    7·2 answers
  • Prepare an income statement for Jay Pembroke for the month of April 20xx using the account balances given below. Cash $13,561 Ac
    13·1 answer
  • On May 12, 2022, Hudson Merchandise sold merchandise on account to Guzman Housewares for $6,897, terms 3/10, n/30. If Guzman ret
    11·1 answer
  • Suppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $700 per bicycle. In order to increas
    14·1 answer
  • The ________ is the most widely used personality assessment instrument in the world.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!