X + x - 5 + 3x + 25 = 180
5x + 20 = 180
5x = 160
x = 32
m<F = x - 5
m<F = 32 - 5
m<F = 27
Answer:
a) 29.23% probability that a randomly selected home run was hit to right field
b) 29.23% probability that a randomly selected home run was hit to right field, which is not lower than 5% nor it is higher than 95%. So it was not unusual for this player to hit a home run to right field.
Step-by-step explanation:
A probability is the number of desired outcomes divided by the number of total outcomes. It is said to be unusual if it is lower than 5% or higher than 95%.
(a) What is the probability that a randomly selected home run was hit to right field?
Desired outcomes:
19 home runs hit to right field
Total outcomes:
65 home runs
19/65 = 0.2923
29.23% probability that a randomly selected home run was hit to right field
(b) Was it unusual for this player to hit a home run to right field?
29.23% probability that a randomly selected home run was hit to right field, which is not lower than 5% nor it is higher than 95%. So it was not unusual for this player to hit a home run to right field.
Beta= 1.3
Debt to equity ratio= 0.4
Market rate of return= 11.6%
= 11.6/100
= 0.116
Tax rate= 32%
= 32/100
= 0.32
Risk free rate= 3.3%
= 3.3/100
= 0.033
Pretax cost of debt= 7.2%
= 7.2/100
= 0.072
The firm's WACC can be calacluated as follows
RS= 0.033+1.3(0.116-0.033)
= 0.033+1.3(0.083)
= 0.033+0.1079
= 0.1409
WACC= (1/1.4)(0.1409)+(2/1.4) (0.072)(1-0.32)
= (0.7142)(0.1409) + (1.4285)(0.072)(0.68)
= 0.1006+0.0699
= 0.1705(100)
= 17.05%
Hence the firm's WACC is 17.05%
If 5y-10=0 it would equal 2. Add ten to both sides and then divide 5 to both sides which leaves you with y=2