What’s the question? Am I missing something?
Agencies headed by a single administrator with regional sub-units, but lacking Cabinet status.
Answer:
A repurchase agreement.
Explanation:
A repurchase agreement is a short-term debt security sold by a business firm or financial institution to another business or institution where the seller agrees to buy back the security at a specified price and date.
Answer:
A. .0%
Explanation:
A normally distributed means 99% of the cases are contain within 3 standard deviation up or down fro mthe median in this case; the range between:
0.005 - 0.01 x 3 //0.005+0.01*3 = -0.025//0.025 = -2.5%//2.5%
-2.5%//2.5% between these values is 99% of the cases.
The 23% is so far away that his probabilities are enarly zero.
We can also calcualte this by normalize the asked return and look the z value on a nrmal distribution table:
(X-median)/standard deviaiton = z
(-0.23 -0.005)/0.01 = -23.5
P(z<23.5) = As it isn't n the table, the chances are zero because are inginificant low.
