1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
photoshop1234 [79]
3 years ago
11

Among a group of 2,500 people, 35 percent invest in municipal bonds, 18 percent invest in oil stocks, and 7 percent invest in bo

th municipal bonds and oil stocks. If 1 person is to be randomly selected from the 2,500 people, what is the probability that the person selected will be one who invests in municipal bonds but NOT in oil stocks
Business
1 answer:
denpristay [2]3 years ago
8 0

Answer:

Probability that the person selected will be one who invests in municipal bonds but not in oil stocks is  \frac{7}{25}

Explanation:

Given : Total no of people in the group = 2500

            Investors of municipal bonds = 35% i.e .35 × 2500 = 875

            Investors of both municipal bonds and oil stocks

         = 7% i.e .07 × 2500

         = 175

Hence, the investors who have invested in municipal bonds but not oil stocks = 875 - 175 = 700 investors

Probability that the person being selected will be one who invests in municipal bonds but not in oil stocks = \frac{No.\ of\ investors\ of\ municipal\ bonds}{Total\ no\ of\ investors}

= \frac{700}{2500}

=  \frac{7}{25}

You might be interested in
Marketing managers can choose between three possible global ______, which range from selling the same product to introducing an
sergij07 [2.7K]

managers can choose between three possible global ______, which range from selling the same product to introducing an entirely new product

3 0
2 years ago
Sunland Company had the following department data: Physical Units Work in process, beginning 0 Completed and transferred out 909
ElenaW [278]

Answer:

Equivalent units of production= 98,700

Explanation:

Giving the following information:

Physical Units Work in process, beginning 0

Completed and transferred out 90,900

Work in process, ending 7,800

Materials are added at the beginning of the process.

<u>To calculate the equivalent units, we need to use the following formula:</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 0 + 90,900 + 7,800*1

Equivalent units of production= 98,700

Because the materials are added at the beginning of the process, the percentage of completion is 100%.

4 0
3 years ago
The starting point of the build-borrow-or-buy framework is management's Multiple Choice 1. evaluation of the firm's existing int
Ierofanga [76]

Answer:

The correct answer is 3. identification of a strategic resource gap that will impede future growth.

Explanation:

The build-borrow-or-buy framework is adopted to develop the most appropriate strategy towards an organization's growth. It provides three alternatives to the management: build the asset itself, borrow it from an external organization, or simply buy it.

Sometimes, any one of these three options is applicable to an organization, but typically, a combination of these may be preferred by the management, thus adopting a multi-faceted approach.

The first step in the build-borrow-or-buy framework is to identify strategic resource gaps that could impede future growth using the organization's strategic planning process. This is because it is necessary to identify right at the beginning what resources the organization needs going into the future. If this gap is wrongly assessed, the organization, may under-estimate or over-estimate its existing resources, thus ending up with the wrong growth strategy.

7 0
3 years ago
Read 2 more answers
Which is a desirable characteristic to look for when choosing a credit card? no grace period low down payment no annual fee high
vredina [299]
The best choice is no annual fee
3 0
3 years ago
Read 2 more answers
Will is currently in a 22% tax bracket and has a 7.2% savings rate of return. What is his after-tax savings rate of return
larisa86 [58]

Based on the information given his after-tax savings rate of return is 5.62%.

<h3>After-tax saving rate of return</h3>

Using this formula
After-tax savings rate=Saving rate of return×(1-Tax rate)

Where:

Saving rate of return=7.2%

Tax rate=22%

Let plug in the formula

After-tax savings rate=0.072×0.78

After-tax savings rate=0.05616×100

After-tax savings rate=5.62% (Approximately)

Inconclusion his after-tax savings rate of return is 5.62%.

Learn more about After-tax savings rate here:brainly.com/question/3520758

3 0
2 years ago
Other questions:
  • You are considering the following two mutually exclusive projects. The crossover point is _____ and Project _____ should be acce
    15·1 answer
  • Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b
    8·1 answer
  • A cost-benefit analysis is a way
    14·2 answers
  • Bank deposits help the nation’s economy by
    13·2 answers
  • 1. Which of the following is likely to happen when a new business opens in a community?
    7·1 answer
  • The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new
    11·1 answer
  • The following transactions were completed by the company.
    14·1 answer
  • Why is saving, spending and investing important? long summary
    8·1 answer
  • Which of the following is not a form of business combination?: (A) Acquisition. (B) S Corporation. (C) Conglomerate. (D) Merger.
    8·1 answer
  • Describe how hrd is linked to the overall goals and strategies of an organization
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!