Volume = Length x Width x Height
Volume = 80 x 45 x 12
Volume = 43200 ft³
Cost per cubic foot = $625 000 ÷ 43200
Cost per cubic foot = $14.47
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Answer: $14.47 per cubic foot.
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20000*0.45 = 9000 in the bond
20000*0.15 = 3000 in the CD
20000*0.20 = 4000 in stocks
20000*0.029 = 580 in savings
A=9000(1 + 4.35%)^3 = 10,226.33
A=3000(1 + 2.90%)^3 = 3,268.64
A=4000 (1 + 8%) x (1 - 4%) x (1 + 6%) = 4,396.03
A=580(1 + 4.35%)^3 = 4,545.04
Total value = 22,436.04
Gain = 22,436.04 - 20,000 = 2,436.04
Theoretical probability (TP) is given by:
TP=[Number of favorable (desired) outcomes]/[Total number of possible outcomes]
From the information given:
Number of purple blocks=19
Total number of possible outcomes=125
thus;
TP=19/125
=0.152