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olga2289 [7]
3 years ago
8

Is what I did right?

Mathematics
2 answers:
Ksju [112]3 years ago
6 0

Yes, the answer and your working out to the question is correct

yuradex [85]3 years ago
3 0

Yes you got the problem right

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Suppose the required reserve ratio is 20 percent. If banks are conservative and choose not to loan all their excess reserves, th
maria [59]

Answer:

Option B

Step-by-step explanation:

Given that the required reserve ratio is 20 percent.

Since banks are conservative they choose not to loan all their excess reserves

i.e. only 20% of deposits is kept as reserve and 80% lent.

This 80% will again be deposited in a bank and 80% of 80 i.e.64% would be lent.  Thus this will form a geometric progression infinitely as

deposits = 1+0.8 + 0.8^2 +0.8^3+...with common ratio 0.8<1

Hence infinite sum = \frac{a}{1-r} =\frac{1}{1-0.8} \\=5

So deposit multiplier is B) equal to 5

5 0
3 years ago
If 89 babies are sampled at random from the hospital, what is the probability that the mean weight of the sample babies would di
cricket20 [7]

Answer:

0.6836

Step-by-step explanation:

(weight - mean weight) = 48

Variance, s² = 204,304

Sample size, n = 89

We need to obtain the Zscore :

Zscore = (X - mean) / standard Error

Zscore = (weight - mean weight ) / (s/√n)

s = √204304 = 452

The difference from the meanncoukdnbe either to the right or left :

Zscore = - 48 / (452/√89) OR 48 / (452/√89)

Zscore = - 48 / 47.911904 OR - 48 / 47.911904

Zscore = - 1.002 or 1.002

P(Z < - 1.002) = 0.1582 (using Z table)

P(Z < 1.002) = 0.8418

P(Z < 1.002) - P(Z < - 1.002)

0.8418 - 0.1582

= 0.6836

6 0
3 years ago
Find the slope using these two coordinate points:<br> (0, 15) and (4, 3)<br> Your answer
Nataly [62]

Answer:

slope = -3

Step-by-step explanation:

slope is: (delta y)/(delta x)

so slope = (15-3)/(0-4)

               = -3

8 0
3 years ago
A construction job requires 16 pieces of steel, each 7.96 ft long.  What length of steel is needed?
crimeas [40]
16*7.96=127.36

127.36ft of steel will be required.
4 0
3 years ago
Read 2 more answers
Merlin Industries bought a laptop for $2,100. It is expected to depreciate at a rate of 14% per year. What will the value of the
bearhunter [10]

988

A year later will depreciate $294

The following year $253

On the third year $217

The fourth year. $187

And the 5th year. $161

5 0
3 years ago
Read 2 more answers
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