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natita [175]
3 years ago
11

Theuniversityadministrationassuresamathematicianthathehasonly1chancein 10,000 of being trapped in a much-maligned elevator in th

e mathematics building. if he goes to work 5 days a week, 52 weeks a year, for 10 years, and always rides the elevator up to his office when he first arrives, what is the probability that he will never be trapped? that he will be trapped once? twice? assume that the outcomes on all the days are mutually independent (a dubious assumption in practice)
Business
1 answer:
Pachacha [2.7K]3 years ago
8 0
<span>Never being trapped = 77.10% Being trapped exactly once = 20.05% Being trapped exactly twice = 2.61% First, determine how many time the professor will ride the elevator, which will be 5 times 52 time 10 = 2600 times. The probability of his never being trapped will be (1-1/10000)^2600 = 0.771041562 = 77.1041562% which rounds to 77.1% Being trapped once is the probability of being trapped on just the 1st day, plus the probability of being trapped on just the second day, ..., plus the probability of being trapped on just the last day. So 0.0001 * 0.9999^2599 + 0.9999 * 0.0001 * 0.9999^2598 + 0.9999^2 * 0.0001 * 0.9999^2597 + ... + 0.9999^2599 * 0.0001 = (0.0001 * 0.9999^2599) * 2600 = 0.200490855 = 20.05% For being trapped exactly twice, the same type of calculation is done with the base value being 0.0001^2 * 0.9999^2598 The number of times the base value is multiplied will be the number of ways you can pick 2 days out of a set of 2600 days, which is 2600/(2!2598!) = 3378700 So we have (0.0001^2 * 0.9999^2598) * 3378700 = 0.026056392 = 2.61% The general formula for being trapped on exactly n days is 0.0001^n * 0.9999 ^ (2600-n) * 2600!/(n!(2600-n)!)</span>
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Answer:

7.8%

Explanation:

The formula and the computation of the return on assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,

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And, the average of total assets equal to

= (Beginning assets + ending assets) ÷ 2

= ($405,000 +$425,000) ÷ 2

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So, the return on assets is

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= 7.8%

6 0
2 years ago
Jeevan and Jayaram started a partnership business. Jayaram is a filmstar. He has no time to be involved in business activity. Je
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Answer:

•Jayaram is a Limited partner

•Jeevan is an active partner

Explanation:

•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.

Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.

• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.

3 0
3 years ago
Suppose you observe the following situation: Security Beta Expected Return Pete Corp. 1.45 .155 Repete Co. 1.14 .128 Assume thes
balu736 [363]

Answer:

Expected return on the market = 11.58%

Explanation:

MRP = Market risk premium

RFR = Risk free rate

ERM = Expected return on market

MRP = \frac{0.155-0.128}{1.45-1.14}=\frac{0.027}{0.31}= 0.0871

MRP = 8.71%

RFR = 0.155 - (1.45*0.0871) = 0.155 - 0.126295 = 0.0287

RFR = 2.87%

ERM = MRP + RFR = 8.71% + 2.87%

ERM = 11.58%

Hope this helps!

3 0
3 years ago
Tom and Jerry's has 2.4 million shares of common stock outstanding, 2.4 million shares of preferred stock outstanding, and 14.00
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Answer:

Tom and Jerry's

The weight used for common stock in the computation of Tom and Jerry's WACC is:

= 45.22%

Explanation:

a) Data and Calculations:

                                               Common   Preferred    Bonds

                                                  Stock         Stock

Outstanding number               2.4 m         2.4 m         14,000

Market price per share           $13.40      $10.40         $999.6

Total value                               $32.16 m  $24.96 m    $13,994,400

Total value of stock and bonds = $71,114,400

Weight of common stock = $32.16/$71.1144 * 100 = 45.22%

6 0
2 years ago
After one has completed a bachelor's degree what are the next three degrees one can obta
Paha777 [63]

Answer:

People who have finished their bachelor's degree.

The next three degrees are Master of science or arts,

Doctor of  Philosophy and Master of Philosophy.

Explanation:

Hope this helps!

4 0
2 years ago
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