A mutual fund has total assets of 2.4 million dollars and 300,000 shares. What is the net asset value of one share of the fund?
2 answers:
Answer:
Net assest value of one share is $8 .
Option (c) is correct .
Step-by-step explanation:
As given
A mutual fund has total assets of 2.4 million dollars and 300,000 shares.
As 1 million = 1000000
Total assest value = $2.4 × 1000000
Thus
Put all the values in the above
Net asset value of one share = $8 .
Therefore net assest value of one share is $8 .
Option (c) is correct .
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Answer: 0.5
Step-by-step explanation:
Binomial probability formula :-
, where P(x) is the probability of getting success in x trials , n is the total trials and p is the probability of getting success in each trial.
Given : The probability that the adults follow more than one game = 0.30
Then , q= 1-p = 1-0.30=0.70
The number of adults surveyed : n= 15
Let X be represents the adults who follow more than one sport.
Then , the probability that fewer than 4 of them will say that football is their favorite sport,
Hence, the probability rounded to the nearest tenth that fewer than 4 of them will say that football is their favorite sport =0.5