Given:
Mean, μ = 196
Std. dev., σ = 22
A sample size of 50 (> 30) is large enough to provide meaningful data.
The random variable is x = 200.
The z-score is
z = (x - μ)/σ = (200 - 196)/22 = 0.1818
From normal distribution tables, obtain
Prob(X < 200) = 0.572 = 57.2%
Answer: 57.2%
Float rate_of_pay a declaration for a variable rate_of_pay that can hold values like 11.50 or 12.75.
What is float rate_of_pay?
- In contrast to fixed (or unchangeable) interest rates, floating interest rates change on a regular basis. Companies that offer credit cards and mortgages frequently use floating rates.
- Floating rates follow the market, a benchmark interest rate, an index, or both.
Is a fixed or floating rate preferable?
- In a rising rate environment, banks offer fixed rate loans at a higher rate than variable rate loans in order to profit more from the latter when rates rise.
- Fixed rate loans may have interest rates that are 300–350 basis points higher than floating rate loans.
float rate_of_pay
rate_of_pay = 11.50, 12.75;
Learn more about Float rate_of_pay
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Answer:
Step-by-step explanation:
The three consecutive integers are 26, 27, 28
Answer:
Option C - $26.44
Step-by-step explanation:
To find the closing proce on Wednesday
Company XYZ is $ 25.69 on Thursday
Company XYZ is - $0.75 on Wednesday
This means the calculation should be as following,
25.69 + 0.75 = 26.44$ the closing price for Wednesday
