Answer:
Step-by-step explanation:
present value of dividend for three years =
2.50 x 1.2 / 1.15 + 2.5 x 1.2² / 1.15² + 2.5 x 1.2³ / 1.15³
= 2.6087 + 2.722 + 2.84
= 8.17
present value of future cash flow after three years
= 2.5 x 1.2³ x 1.08 / .15 - .08
66.65
present value
= 66.65 / 1.15³ = 43.823
Total present value = 43.823 + 8.17
= 52 approx .
The symbols used in question 3 are saying your x values can be anything, as long as x is larger than 0, so all the positive numbers
Answer:
The mean number of adults who would have bank savings accounts is 32.
Step-by-step explanation:
For each adult surveyed, there are only two possible outcomes. Either they have bank savings accounts, or they do not. So we use the binomial probability distribution to solve this problem.
Binomial probability distribution
Probability of exactly x sucesses on n repeated trials, with p probability.
The expected value of the binomial distribution is:
In this problem, we have that:
If we were to survey 50 randomly selected adults, find the mean number of adults who would have bank savings accounts.
This is E(X) when .
So
The mean number of adults who would have bank savings accounts is 32.
Answer:
where is the following
Step-by-step explanation:
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