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
In a _______________________, most economic decisions about what to produce, how to produce it, and for whom to produce it are m
olga_2 [115]

Answer:

market-oriented economy is the correct answer.

Explanation:

8 0
3 years ago
The Platinum Platform, in Dubuque, Iowa, sells high-quality, unique bedding that is a real value to upscale homes in the area. N
atroni [7]

Answer:

C) cost-leadership strategy

Explanation:

  • The strategy of cost leadership is a business strategy that focuses on having a competitive advantage by the cost values, where the beddings are of unique quality and have a good scale, scope, and size and thus offer a good purchasing approach.
  • For example, Walmart has succeeded around the world due to low coast strategy.
7 0
4 years ago
Read 2 more answers
Brass Co. reported income before income tax expense of $60,000 for 2017. Brass had no permanent or temporary timing differences
Zielflug [23.3K]

Answer:

$12,000

Explanation:

30%×$40,000= $12,000

Brass Co.'s 2017 taxable income of $60,000 exceeds the $40,000 net operating loss carry forward from 2016.

Therefore the total net operating loss carry forward can be utilized in 2017 in which $40,000 carryforward will be used to offset $40,000 of Brass' taxable income.

5 0
3 years ago
Explain why circulation and rating systems determine how much money different advertisements cost to run.
lawyer [7]

Answer:

Circulation and rating systems are used to determine ad rates by showing the amount of information that is getting out and is getting noticed by consumers. The advertising system works this way because more and more consumers are more opt to see these ads and that most likely means more sales for producers.

6 0
3 years ago
some newspapers have dubbed kane kramer as one of the" biggest losers" in business history,explain whether you think this is fai
Ksivusya [100]
Technically this is unfair, kane kramer simply made some mistakes, altho they were big mistakes, it wasnt completely his fault, and then to put the embarrasment of a title in that sort is unfair and if it were me i would feel thats something unbareable to even think about going through.
3 0
4 years ago
Other questions:
  • Value added is defined as
    6·1 answer
  • Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of
    7·1 answer
  • A chemist is studying the effect of acid rain on the steel in bridges. why would she most likely use rate laws in this study?
    5·1 answer
  • Why might you complete a 1040EZ?
    9·1 answer
  • The following events took place at a manufacturing company for the current year: (1) Purchased $96,300 in direct materials. (2)
    12·1 answer
  • A construction company takes a loan of $1,531,000 to cover the cost of a new grader. If the interest rate is 6.75% APR, and paym
    12·1 answer
  • Bolz Office Supply Company recently changed its system of internal control over cash disbursements. The system includes the foll
    9·1 answer
  • According to the principles guiding how ads should be laid out?
    8·2 answers
  • In order to finance a new product line, a company that makes high-temperature ball bearings borrowed $2 million at 11% per year
    10·1 answer
  • RJ has two loans. Loan H has a nominal rate of 5. 68%, compounded daily. Loan I has a nominal rate of 6. 33%, compounded monthly
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!