Answer:
0.343
Explanation:
Given that,
Percent of CFA candidates have a degree in economics, p = 30% = 0.3
Random sample of CFA candidates, n = 3
Here, we are using the binomial distribution.
Let X be the number of CFA candidates having economics degree.
Probability that none of them has a degree in economics, P(X = 0) :
=
=
=
= 0.343
Therefore, the probability that none of them has a degree in economics is 0.343.
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Answer and Explanation:
Adjusted gross income abbreviated AGI is the tax payers gross income minus deductions used in arriving at taxable income(AGI less allowable deductions)
Please find attached calculations for gross income and AGI for the couple
Answer:
Holding period return is 5.14%
Explanation:
Return received during the holding period of timeof an investment is holding period return. It includes the Income received and Price variance of initial and current.
Holding Period Return = ( Selling Price - Purchase price )/( Purchase price x Initial Margin )
Holding Period Return = ($64.60 - $62.20)/($62.20 x 0.75)
Holding Period Retur = 0.0514
Holding Period Retur = 5.14 %
Answer:
The advertising department expense allocated to each department are as follows:
Books Dept = $11,748
Magazines Dept = $8,010
Newspapers Dept = $6,942
Totals advertising department expenses allocated = $26,700
The purchasing department expenses allocated to each department are as follows:
Books Dept = $20,081
Magazines Dept = $10,741
Newspapers Dept = $15,878
Total purchasing department expenses allocated = $46,700
Explanation:
Note: See the attached excel for the completed table used in allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments.
From the attached excel, the advertising department expense allocated to each department are as follows:
Books Dept = $11,748
Magazines Dept = $8,010
Newspapers Dept = $6,942
Totals advertising department expenses allocated = $26,700
From the attached excel, the purchasing department expenses allocated to each department are as follows:
Books Dept = $20,081
Magazines Dept = $10,741
Newspapers Dept = $15,878
Total purchasing department expenses allocated = $46,700