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tankabanditka [31]
4 years ago
6

A stock’s price fluctuations are approximately normally distributed with a mean of $29.51 and a standard deviation of $3.87. You

decide to sell whenever the price reaches its highest 10% of values. What is the highest value you would still hold the stock?
Business
1 answer:
Ivahew [28]4 years ago
8 0

Answer:

$34.46

Explanation:

In this Question there is Highest value of 10% and the probability of 90%.

we will use following formula to calculate the highest value of the stock

z value = ( x - mean ) / Standard deviation

where

x = the highest value

z score value at 10% = 1.28

Placing value in the formula

1.28 = ( x - $29.51 ) / $3.87

1.28 x $3.87 = x - $29.51

$4.9536 = x - $29.51

x = $4.9536 + $29.51

x = 34.4636

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Answer:

The capital gain is $3.30

Explanation:

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Ending price = [$2.20(1 + (.031*4))]/(.093 − .031) = $39.88

Capital gains = $39.88 − 36.58 = $3.30

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Describe five reasons people resist change at work place​
nadya68 [22]

Answer:

Loss of status or job security in the organization. ...

(2) Poorly aligned (non-reinforcing) reward systems. ...

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6 0
2 years ago
Suppose the supply function for avocados is Q = 58 + 15p - 20p_f. where P_f is the price of fertilizer. If the price of fertiliz
Veseljchak [2.6K]

Answer:

-22.

There will be the decrease in price hence the supply curve shifts to the left.

Explanation:

So, it is given from the question above that the supply function for avocados is Q = 58 + 15p - 20p_f.

The p_f given in the question = $1.10 which is the price given for the fertilizer as it rises that is to say it rises at that amount.

If the price increases by $1.10, then we have a reduction of -( 20 × 1.10) = -22.

Kindly note that the negative sign denotes the reduction in supply. This reduction causes the supply curve to shift to the left.

The diagram for the supply curve Is given in the attached picture.

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3 years ago
What do you mean by sole proprietorship??​
nekit [7.7K]

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7 0
3 years ago
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Leokris [45]

Solution :

Number of days = 90 days

Amount invested = $45 million

So the current earnings is $\$45 \text{  million }  \times 1.075 \text{  in}\ \ 90 \text{  days}$

The number of days is reduced to 50 days. So we can now make the same amount in just 50 days.

So the net increase is what we will make in the remaining 40 days.

If in 50 days, we earn 0.075 return, then we can consider 50 days as t=1.

Then the 50 days = 45 \times 0.075^1  return, and

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