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Trava [24]
3 years ago
10

The acme global corporation needed to hire 30 new advertising sales agents. the applicant pool consisted of 100 african-american

males and 100 white males. of the 200 applicants, acme global hired 10 of the african-american males and 20 of the white males. is there evidence of disparate impact?
Business
1 answer:
eimsori [14]3 years ago
6 0

Answer:

Yes, because it doesn't comply with the four-fifths rule.

Explanation:

First we must establish the selection rate for both groups:

  • whites = 20 / 100 = 20% selected
  • African American = 10 / 100 = 10% selected

the four-fifths rule establishes that at least 20% x 4/5 = 16% of all African American candidates should have been selected, but only 10% were selected.

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A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the maximum interest rate the bu
galina1969 [7]

Answer:

0.811% per month is the amximum rate it can affor

or 9.732% annual rate with monhly compounding.

Explanation:

We have to solve for the rate at which the monthly payment equals 900 dollars.

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C 900.00

time 240

rate r

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900 \times \frac{1-(1+r)^{-240} }{r} = 95,000\\

Given the complexity of the formula we solve using excel or a financial calcualtor

we write on a1 =PV(A2;240;95000)

on a2 we write any number between 0 and 1

then we use goal seek tool adn define that we want A1 to be 95,000 by changing A2 (which is the argument for rate)

the value of A2 after this is our answer:

900 \times \frac{1-(1+0.00811)^{-240} }{0.00811} = PV\\

PV $95,000.0000

5 0
3 years ago
An amount of $2,500 is deposited in a savings account that earns 2.5% interest. Which is the future value
Lynna [10]

Answer:

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Explanation:

The computation of the future value is shown below;

As we know that

Future valie = Present value × (1 + rate of interest)^number of years

where

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Rate of interest = 2.5% ÷ 4 = 0.625%

And, the time period is = 10  × 4 = 40

So, the future value is

= $2,500 × (1 + 0.625%)^40

= $3,208

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