Answer:
0.0084
Explanation:
For this probability problem, we will have to make use of the normal probability distribution table.
to use the table, we will have to compute a certain value
z = (x- mean) /Standard deviation
z =
= 2.39
Probability he has worked in the store for over 10 years can be obtained by taking the z value of 2.39 to the normal probability distribution table to read off the values.
<em>To do this, on the "z" column, we scan down the value 2.3. we then trace that row until we reach the value under the ".09" column. </em>
This gives us 0.99916
Thus we have P (Z < 2.39) = 0.9916
We subtract the value obtained from the table from 1 to get the probability required.
1 - 0.9916 = 0.0084
The Probability that the employee has worked at the store for over 10 years = 0.0084
Answer:
A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services
Explanation:
When modeling consumer behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services
Answer:
B, Customs union.
Explanation:
A customs union is defined as a trade bloc that has a free trade area, where countries with trade pacts have a common external tariff.
Customs union cannot be created without a trade pact and it is usually between two or more countries. This union means that countries with the trade pact between one another can bring in or take out their goods into those countries at a tariff that is lower compared to other countries that have no trade pact with the country or countries.
Cheers.
Answer:
Q1. Answer is B
Explanation: FV= PV(1+r)n
FV= 10,000(1+0.08)26
FV= 73,963.53
FV= 73,963.53(1+0.05)12
FV=132,827.88
Q2. Answer is D
Explanation: The lenght of time she has to wait to reach her goal is directly related to the interest rate she earns
Q3. Answer is A
Explanation: Interest as the interest rate decreases
Q4. Answer is D
Explanation: A = P(1 + rt)
A= 15,000(1+0.05*12)
A= 15,000(1.6)
A= 24,000
Q5. Answer is C
Explanation: FV= PV(1+r)n
FV= 5000(1+0.06)15
FV=5000(2.396558193)
FV=11,982.79
FV=11,982.79(1+0.1)30
FV=11,982.79(17.44940226888)
FV=209,092.54
Explanation: FV= PV(1+r)n
FV= 5000(1+0.1)15
FV=5000(4.1772481694)
FV=20,886.24
FV=20,886.24(1+0.06)30
FV=20,886.24(5.7434911729)
FV=119,959.94
Q6. Answer is A
Explanation: Interest on interest $2,481.25
Q7. Answer is A
Explanation: FV= PV(1+r)n
25,000=PV(1+0.065)6
25,000=PV(1.4591422165))
PV=25,000/1.4591422165
PV=17,133.35