Answer:
The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703
Explanation:
Firstly, we have to determine the segment unit, since the mean is 10 per hour, the segment unit is 1 hour.
The mean(m) = 10
since the period is 15 minutes = 0.25 hour, t= 0.25 hour / 1 hour. Therefore mt= 2*10 = 2.5
The poisson distribution formula P(x) = 
Therefore the probability that 2 or 3 customers will arrive in a 15-minute period
P(x=2) or P(x=3) = P(x=2) + P(x=3) = 
= 0.2565 + 0.2138 = 0.4703
Therefore P(x=2) or P(x=3) = 0.4703
The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703
The invisible hand is the phrase initiated by Adam Smith as the economic theory. The idea behind the invisible hand has been the development of the policy by the government guiding the economy.
<h3>Who was Adam Smith?</h3>
Adam Smith was the Scottish economist of the eighteenth century. In his book, "The Wealth of Nations" he introduced the phrase the invisible hand.
The idea has been the development of the policies by the government as the invisible hand for the producers and the consumers that made the guide to the economy.
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Answer:
The price of put option is $2.51
Explanation:
The relation between the European Put option and Call option is called the Put-Call parity. Put-Call parity will be employed to solve the question
According to Put-Call parity, P = c - Sо + Ke^(-n) + D. Where P=Put Option price, C=Value of one European call option share. Sо = Underlying stock price, D=Dividend, r=risk free rate, t = maturity period
Value of one European call option share = $2
Underlying stock price = $29
Dividend = $0.50
Risk free rate = 10%
Maturity period = 6 month & 2 month, 5 month when expecting dividend
P = c - Sо + Ke^(-n) + D
P = $2 - $29 + [$30 * e^[-0.10*(6/12)] + [$0.50*e^(-0.10*(2/12) + $0.50*e^(-0.10*(5/12)]
P = $2 - $29+($30*0.951229) + ($0.50*0.983471 + $0.50*0.959189)
P = -$27 + $28.5369 + $0.4917 + $0.4796
P = $2.5082
P = $2.51
Therefore, the price of put option is $2.51
The question is asking about when Lillie allowed an external company to its credit report.
Lillie has received a request by Toyota Financials for her credit report access on 5/10/2015 date for making an auto loan approval.
She provided an access on 5/10/2017 since the date of removal for this inquiry is 5/10/2017. There is a big delay in providing the access to the financials of about 2 years.
Lillie has allowed access to the external company which is Toyota Financial to her credit reports in order to satisfy the company about her financial position and grant her an auto loan.
So The correct answer is 5/10/2017.
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