Answer:
a) 39
b) 58
Explanation:
Data provided in the question:
Mean = $70
Standard deviation, s = $8
Number of households, n = 40
Now,
a) number of households whose monthly utility bills are between $54 and $86
z score for $54 = [ 54 - 70 ] ÷ 8 [ z score = [ X - mean ] ÷ s]
or
z score for $54 = -2
z score for $86 = [ 86 - 70 ] ÷ 8 [ z score = [ X - mean ] ÷ s]
or
z score for $54 = 2
Therefore,
P(between $54 and $86) = P(z = 2) - P(z = -2)
= 0.9772498 - 0.0227501
= 0.9544997
Therefore,
number of households whose monthly utility bills are between $54 and $86
= P(between $54 and $86) × n
= 0.9544997 × 40
= 38.18 ≈ 39
b) In a sample of 20 additional house i.e n' = 40 + 20 = 60
thus,
number of households whose monthly utility bills are between $54 and $86
= P(between $54 and $86) × n'
= 0.9544997 × 60
= 57.27 ≈ 58
Answer:
Profit maximization refers to a method adopted by the company to earn more amount of profit through its business operations and investments. Under this, a firm focuses that every decision should contribute profit in the account of the organization.
Explanation:
Answer:
a. market share
Explanation:
Based on the information provided within the question it can be said that the Anthony's firm has adopted a market share pricing objective. This pricing objective focuses on reaching or maintaining the target market share for a company's product using any necessary tactics. Which is what Anthony is doing, he is undercutting the competitions prices in order to reach the top competitors market share for their competing product.
Answer:
C] Have the client sign a margin agreement and get supervisory approval before the first margin trade.
Explanation:
Discretionary account can be regarded as an investment account which gives enablement to an authorized broker to make buying and selling of securities even when the clients doesn't has consent about it for each trade. Though there must be a discretionary disclosure signed by client with the broker which will serves as documentation of the client's consent.
In a scenerio whereby After a client signs a discretionary account agreement, his registered representative decides to buy some stock for the client on margin. In this case, The registered representative should Have the client sign a margin agreement and get supervisory approval before the first margin trade.
Answer:
Total Current Call Price =$1,668.36
Explanation:
Calculation of Present value of bond's coupon payment that is lost by premature termination of bond:
PV = C / i [1 - 1 / (1 + i)^n]
C = Coupon amount = 1,000 x 8.25% = 82.50 / 2 = 41.25
n = Number of payment period = 13 x 2 = 26
i = Rate of Interest= 7.75 / 2 = 3.875%
PV = 41.25 / 0.03875 [1 - 1 / (1 + 0.03875)^26] = $668.36
Add: Face value = 1,000
Total Current call price = 668.36 + 1,000 = $1,668.36
