Explanation:
Global investment banks include JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, Bank of America, Credit Suisse, and Deutsche Bank.
Answer:
P-value is greater than the significance level, we fail to reject null hypothesis.
Explanation:
Here,
Sample size = n = 120
Sample proportion = p = 0.6500
Population Proportion =
= 0.5
Level of significance = α = 0.02
<u />
<u>Step 1:
</u>
: p = 0.5
: p < 0.5 (Left tailed test)
<u></u>
<u>Step 2:
</u>
The critical vale is = 2.0537
<u></u>
<u>Step 3: </u>
The test statistic is,
z = 
<u>Step 5:
</u>
Conclusion using critical value: Since the test statistic value is greater than the critical value, we fail to reject null hypothesis.
<u>Step 6: </u>
Conclusion using P-value: Since the P-value is greater than the significance level, we fail to reject the null hypothesis.
Answer:
The nominal annual percentage cost of its non-free trade credit, based on a 365-day year is 0.2795%
Explanation:
The computation of the nominal annual percentage is shown below:
= Discount rate ÷ (100 - discount rate) × ({Total number of days ÷ payable days} - discount days)
= 2% ÷ ( 100 - 2%) × (365 days ÷ 65 days - 15 days)
= 2% ÷ (98% × 7.3)
= 2% ÷ 7.154
= 0.2795%
The net purchase amount is irrelevant. hence, this part is ignored