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4 years ago

Two mechanics worked on a car. The first mechanic worked for 5

Mathematics

1 answer:

ArbitrLikvidat [17]4 years ago

8 0

<u>Answer:</u>

$50 and $115

<u>Step-by-step explanation:</u>

We know that,

the sum of the two rates = $165 per hour

Let x and (165 - x) represent the $/hour of the 15hr and 5hr mechanics respectively.

Then combining their charges together to get:

$(x*15)hour+(165-x)*5 hour=1325$

Solving for x to get:

$15x-5x+825=1325$

$10x=500$

$x=50$

So the rate charged per hour by one mechanic is $50 and for the other mechanic = $(165-50)=$ $115.

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The probability distribution of customers that walk into a coffee shop on any given day of the week is described by a Normal dis

Leni [432]

Answer:

15.87% probability that no more than 80 customers walk into the coffee shop next Monday

Step-by-step explanation:

Problems of normally distributed samples can be solved using the z-score formula.

In a set with mean $\mu$ and standard deviation $\sigma$ , the zscore of a measure X is given by:

$Z = \frac{X - \mu}{\sigma}$

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

$\mu = 100, \sigma = 20$

What is the probability that no more than 80 customers walk into the coffee shop next Monday?

This is the pvalue of Z when X = 80. So

$Z = \frac{X - \mu}{\sigma}$

$Z = \frac{80 - 100}{20}$

$Z = -1$

$Z = -1$ has a pvalue of 0.1587.

So there is a 15.87% probability that no more than 80 customers walk into the coffee shop next Monday

4 0

3 years ago

Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 9 percent, has a YTM of 7 percent, and has 1

timama [110]

Answer:

current market price:

PV of face value = $1,000 / (1 + 3.5%)²⁶ = $

PV of coupon payments = $45 x 16.89035 (PV annuity factor, 3.5%, 26 periods) = $760.07

current market price = $408.84 + $760.07 = $1,168.91

price in 1 year:

PV of face value = $1,000 / (1 + 3.5%)²⁴ = $437.96

PV of coupon payments = $45 x 16.05837 (PV annuity factor, 3.5%, 24 periods) = $722.63

market price = $437.96 + $722.63 = $1,160.59

price in 3 years:

PV of face value = $1,000 / (1 + 3.5%)²⁰ = $502.57

PV of coupon payments = $45 x 14.2124 (PV annuity factor, 3.5%, 20 periods) = $639.56

market price = $502.57+ $639.56 = $1,142.13

price in 8 years:

PV of face value = $1,000 / (1 + 3.5%)¹⁰ = $708.92

PV of coupon payments = $45 x 8.31661 (PV annuity factor, 3.5%, 10 periods) = $374.25

market price = $708.92 + $374.25 = $1,083.17

price in 12 years:

PV of face value = $1,000 / (1 + 3.5%)² = $933.51

PV of coupon payments = $45 x 1.89969 (PV annuity factor, 3.5%, 2 periods) = $85.49

market price = $933.51 + $85.49 = $1,019

price in 13 years:

market price = $1,000 + $45 = $1,045

current market price:

PV of face value = $1,000 / (1 + 4.5%)²⁶ = $318.40

PV of coupon payments = $35 x 15.14661 (PV annuity factor, 4.5%, 26 periods) = $530.13

current market price = $318.40 + $530.13 = $847.53

price in 1 year:

PV of face value = $1,000 / (1 + 4.5%)²⁴ = $347.70

PV of coupon payments = $35 x 14.49548 (PV annuity factor, 4.5%, 24 periods) = $507.34

market price = $347.70 + $507.34 = $855.04

price in 3 years:

PV of face value = $1,000 / (1 + 4.5%)²⁰ = $414.64

PV of coupon payments = $35 x 13.00794 (PV annuity factor, 4.5%, 20 periods) = $455.28

market price = $414.64+ $455.28 = $869.92

price in 8 years:

PV of face value = $1,000 / (1 + 4.5%)¹⁰ = $643.93

PV of coupon payments = $35 x 7.91272 (PV annuity factor, 4.5%, 10 periods) = $276.95

market price = $643.93 + $276.95 = $920.88

price in 12 years:

PV of face value = $1,000 / (1 + 4.5%)² = $915.73

PV of coupon payments = $35 x 1.87267 (PV annuity factor, 4.5%, 2 periods) = $65.54

market price = $915.73 + $65.54 = $981.27

price in 13 years:

market price = $1,000 + $35 = $1,035

8 0

4 years ago