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
Lerok [7]
3 years ago
5

If there was a 24% chance of having a contract signed to purchase a home in any one month and there were 55 homes on the market,

what would be the probability that exactly 15 of them would have a contract signed during this month?
a. 10.3%
b. 24.0%
c. 66.7%
d. 23.0%
Business
1 answer:
KonstantinChe [14]3 years ago
3 0

Answer:

a. 10.3%

Explanation:

P∝F of Binomial distribution is given as Pr.(x=x) = nCxP^x(1-p)^(n-x)

P = 0.24, n= 55, x =15 Note: C = Combination

Pr.(x = 15) = 55"C"15(0.24)^15(0.76)(55-15)

Pr.(x = 15) = 55"C"15(0.24)^15(0.76)^40

Pr.(x = 15) = 0.1026

Pr.(x = 15) = 10.26%

Pr.(x = 15) = 10.3%

You might be interested in
Select the sentence that is completely correct. Most American cars are delivered fob Detroit; however, imports are not. Most Ame
DochEvi [55]

Answer:

Most American cars are delivered f.o.b. Detroit; however, imports are not.

Explanation:

The completely correct sentence is;

Most American cars are delivered f.o.b. Detroit; however, imports are not.

Fob is an acronym for free on board, hence it should have "dots" in between.

Semicolon indicates a pause or that an explanation continues, as it joins two (2) independent clauses.

8 0
3 years ago
Mikan Company’s standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours wer
vaieri [72.5K]

Answer:

Allocated MOH= $234,000

Explanation:

Giving the following information:

Predetermined overhead rate= $9 per direct labor hour.

Actual direct labor hours= 26,000

<u>To allocate manufacturing overhead, we need to use the following formula:</u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 9*26,000

Allocated MOH= $234,000

5 0
3 years ago
A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the firs
ElenaW [278]

A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%,  is mathematically given as

DP=95.696. Option D is correct

<h3>What is the dirty price of this bond?</h3>

Generally, dirty price is simply defined as It's important to note that a "dirty price" is simply a bond pricing quotation that takes into account both the coupon rate and any interest that has already accumulated on the bond.

In conclusion, Dirty price

DP = (Clean price +  interest Accrued)

Therefore

DP=0.80*(4%*100/2)+2*(1-(1+4%)^(-3.20))/(4%)+100/(1+4%)^(3.20)

DP=95.696

CQ

A4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80.

Calculate the dirty price of this bond.

O 81.370

85.216

93.471

o 95.696

Read more about dirty price

brainly.com/question/14316550

#SPJ1

8 0
2 years ago
Many years ago G bought a life policy. Since then G decided to replace that coverage with a policy that was purchased firsthand
krok68 [10]

Answer:

A direct response sales

Explanation:

From the statement, it can be seen that G bought the life policy alone and made his decision to replace that coverage with a policy that was purchased firsthand through the insurer and delivered. This shows that an agent was not used in the sale or delivery of the policy and hence this depicts a direct response transaction between the insurer and the client G.

5 0
3 years ago
When leaving a job, desirable knowledge employees are most likely to find new employment on Internet career sites and go alone t
schepotkina [342]

Answer:True

Explanation:

3 0
3 years ago
Other questions:
  • How many hours a week can a surgeon work in Australia??​
    15·2 answers
  • Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 3% of credit sales will
    15·1 answer
  • Why is there so much government regulation involving social responsibility issues? Should there be less?
    5·1 answer
  • You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and
    13·1 answer
  • If you take out money from a CD before it reaches maturity you must A) pay the bank a penalty, typically three months' interest.
    5·2 answers
  • When you want to start a business, what is the first step?
    9·2 answers
  • The adjusted trial balance for Waterway Industries at the end of the current year, 2021, contained the following accounts. 5-yea
    6·1 answer
  • Pilet Pte Ltd balance sheet reflected assets of 10,000, liabilities of 5,000 and share capital of 2,000 as of December 31,2009.
    15·1 answer
  • A loan is borrowed money that must be returned. True or False?
    5·1 answer
  • Given an expected market return of 12.0%, a beta of 0.75 for Benson Industries, and a risk-free rate of 4.0%, what is the expect
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!