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Kianna and three friends went out to dinner together. The total bill was $58.49. If they each agreed to pay an equal share of th
1 answer:
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Answer:
$0.7676
Step-by-step explanation:
Dividend declared = $2,500,000.
Total shares of preferred stock = 240,000
Each share costs $2.10
So, Total cost of shares of preferred stock = 240,000×2.10
Dividend due to the preferred shareholders = $504,000.
Now,
Total shares of common stock = 2,600,00
Cost of shares of common stocks = Total dividend - Total cost of shares of
preferred stock
= $2,500,000-504,000
= $1,996,000
Dividend per share of common stock =$
= $0.7676
We cannot calculate the confidence interval without the sample size. However, for the second question, the sample size needed would be 49.
The formula we use is
To find the z-score:
Convert 98% to a decimal: 0.98
Subtract from 1: 1-0.98 = 0.02
Divide by 2: 0.02/2 = 0.01
Subtract from 1: 1-0.01 = 0.99
Using a z-table (http://www.z-table.com) we see that this value is closest to a z-score of 2.33.
Using the z-score, our standard deviation (9) and our margin of error (3), we have:
The formula we use is
To find the z-score:
Convert 98% to a decimal: 0.98
Subtract from 1: 1-0.98 = 0.02
Divide by 2: 0.02/2 = 0.01
Subtract from 1: 1-0.01 = 0.99
Using a z-table (http://www.z-table.com) we see that this value is closest to a z-score of 2.33.
Using the z-score, our standard deviation (9) and our margin of error (3), we have: