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emmasim [6.3K]
4 years ago
13

USING ROA FORMULA , ANSWER IS IN % FORM. IM STUMPED. THE ABC COMPANY HAS NET INCOMEO OF $56K, ASSETS AT THE BEGINNING OF THE YEA

R ARE $263K, AND ASSETS AT THE END OF YEAR ARE $313K, WHAT IS THE COMPANYS RETURN ON ASSETS?
Mathematics
1 answer:
Reika [66]4 years ago
6 0

You need to calculate the average assets in that year, then use the ratio formula:

average assets: (263k+313k)/2 = 288k

ROA = 56k/288k = 0.194...

The company's return on assets is 19.4%

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A population of red-bellied snakes is known to have a ratio of grey color morph to red color morph of 53:47. You wish to know th
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Answer:

The probability is P(X\leq 10)=0.093031581

Step-by-step explanation:

We know that the ratio of grey color morph to red color morph is 53:47

This can be written in terms of probability as :

P(RedColorMorph)=\frac{47}{100}=0.47

This means that the probability of obtain a red color morph snake in a random sample of 100 snakes is 0.47 (If I only randomly select one snake).

Now, the number X of red color morph snakes in a random sample ''n'' can be modeled as a binomial random variable. Where ''p'' is the success probability (In our case, the probability from obtain one red color morph snake out of 100 snakes) ⇒

X: ''Number of red color morph snakes in the sample''

p=0.47

In our case, n=30

⇒ X ~ Bi (n,p) ⇒ X ~ Bi (30,0.47)

The probability function for X is :

P(X=x)=(nCx).p^{x}.(1-p)^{n-x}

Where nCx is the combinatorial number define as nCx=\frac{n!}{x!(n-x)!}    ⇒

P(X=x)=(30Cx).(0.47)^{x}.(0.53)^{30-x}

We need to calculate the probability of P(X\leq 10)

This probability is equal to :

P(X\leq 10)=P(X=0)+P(X=1)+P(X=2)+P(X=3)+P(X=4)+P(X=5)+P(X=6)+P(X=7)+P(X=8)+P(X=9)+P(X=10)

For example,

P(X=6)=(30C6).(0.47)^{6}.(0.53)^{24}=0.0015446

We need to calculate all the terms of the sum and then calculate P(X\leq 10)

If we use any statistical program we will find that

P(X\leq 10)=0.093031581

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