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Agata [3.3K]
3 years ago
11

What are the main customers of bank of canada

Business
1 answer:
Viefleur [7K]3 years ago
4 0

The Canadian banking system is a conservative system that consists of five main categories. They are:

Chartered banks

Trust and loan companies

Cooperative credit movement

Life insurance companies

Securities dealers

For anyone considering a career in banking in Canada, this list of top banks in Canada is a helpful guide on where to start. To learn more, see our lists of financial institutions.

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Prepare a Pareto chart of the possible causes for a student to fail a final examination in a university course.
Hitman42 [59]

Answer:

Option 1

\bar x_1 = 96.2

Mode = 99

\sigma_1 = 3.22

Option 2

\bar x_2 = 97.4

Mode = 97

\sigma_2 = 0.499

Explanation:

Given

Option\ 1: 99, 98, 99, 94, 92, 99, 98, 99, 94, 90

Option\ 2: 98, 97, 97, 97, 98, 98, 97, 97, 98

Required

The mean, mode and standard deviation of both options

Option 1

<u>Calculate mean</u>

\bar x = \frac{\sum x}{n}

\bar x_1 = \frac{99+ 98+ 99+ 94+ 92+ 99+ 98+ 99+ 94+ 90}{10}

\bar x_1 = \frac{962}{10}

\bar x_1 = 96.2

<u>Calculate mode</u>

Mode = 99

Because it has a frequency of 4 (more than other element of the dataset)

<u>Calculate standard deviation</u>

\sigma = \sqrt{\frac{\sum(x - \bar x)^2}{n}}

\sigma_1 = \sqrt{\frac{(99-96.2)^2 +.............+(90-96.2)^2}{10}}

\sigma_1 = \sqrt{\frac{103.6}{10}}

\sigma_1 = \sqrt{10.36}

\sigma_1 = 3.22

Option 2

<u>Calculate mean</u>

\bar x = \frac{\sum x}{n}

\bar x_2 = \frac{98+ 97+ 97+ 97+ 98+ 98+ 97+ 97+ 98}{9}

\bar x_2 = \frac{877}{9}

\bar x_2 = 97.4

<u>Calculate mode</u>

Mode = 97

Because it has a frequency of 5 (more than other element of the dataset)

<u>Calculate standard deviation</u>

\sigma_2 = \sqrt{\frac{(98-97.4)^2+..............+ (98-97.4)^2}{9}}

\sigma_2 = \sqrt{\frac{2.24}{9}}

\sigma_2 = \sqrt{0.2489}

\sigma_2 = 0.499

5 0
3 years ago
Joe runs a restaurant. He pays his employees​ $200,000 per year. His ingredients cost him​ $50,000 per year. Prior to running hi
Elanso [62]

Answer:

Cost incurred while running a restaurant:

Salary paid = $200,000 per year

Ingredients cost =  $50,000 per year

Before running this restaurant, he was earning $150000 per year.

Here, we are using a concept called opportunity cost.

Opportunity cost refers to the benefit of a commodity that is forgone to produce one extra unit of some other commodity.

It is also refers to the value of next best alternative that is given up by choosing some other alternative.

In this question, opportunity cost of running a restaurant is the income that is earned when he was a lawyer, i.e, $1,50,000 per year. This is the income that is foregone when he started running a restaurant.

3 0
3 years ago
On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies tha
4vir4ik [10]

Answer:

the requirements are missing, so I looked for them:

  • a. Money supply.
  • b. Deposits.
  • c. Total reserves.
  • d. Excess reserves.

a. $0

the coins are part of M1 money supply already, so it will not change it.

b. $3,000.

the DMV should deposit the pennies in their account account, therefore, total bank deposits will increase by 300,000¢ /100 = $3,000

c. $3,000

since bank deposits increase by $3,000, total reserves also increase by $3,000

d. $2,790

excess reserves = total reserves - required reserve ratio = $3,000 - ($3,000 x 7%) = $2,790

3 0
3 years ago
Derek, an accountant, allocates the cost of a piece of earth-moving equipment over a specific period of time. Based on the given
AnnyKZ [126]

Based on the given information, it can be concluded that Derek is implementing the process of Depreciation.            

<h3><u>Explanation:</u>  </h3>

When dealing with assets whether fixed or non-fixed, the cost over its useful life is reduced in a systematic manner until it reaches zero. This is known as depreciation. It represents the value of the said asset that has been used up. The significance of depreciation is to allow the company to make revenue from the assets while the proportion of buying cost is expended during its service.

Failure to depreciate assets can negatively affect the company’s profits. There are different methods used to calculate depreciation and all depends on the following factors: salvage value, the asset cost price, and useful life.

8 0
3 years ago
Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality
Ann [662]

Answer:

a) Determine which type of cars will be sold at the efficient allocation.

All cars would be sold in a Pareto efficient allocation.

In a Pareto efficient market, resources are all allocated in the most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.

b) Determine which type of cars will be sold at the market equilibrium.

Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.

Explanation:

the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620

3 0
3 years ago
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