Answer:
$45,500 is the correct answer.
Explanation:
Answer:
XYZ is not a good investment as compared to Bank because it has lower per year interest than the bank.
Explanation:
Bank offers 8% per year
To compare the investment we should calculate the holding period return of the share which is as follows
Holding period return = ( Dividend + Change in price ) / Initial price )
Holding period return = ( $5 +($120 - 110) ) / $110 ) = ( $5 + $10 ) / $110 = 0.1364 = 13.64%
Return per year = 13.64% / 3 = 4.5% per year
Answer:
c. 0.0819
Explanation:
The mean = 0.85
standard error of the proportion is: sp = sqrt(pq/n)
= sqrt ((.85)(0.15) / 51) = 0.05
P(0.9115 < X < 0.946) = P( (0.9115 - 0.85) / 0.05 < z < (0.946 - 0.85) / 0.05 )
= P(1.23 < z < 1.92)
= P(z < 1.92) - P(z < 1.23) = 0.0819
