A critical part of inferential statistics involves determining how far sample statistics are likely to vary from each other and from the population parameter. The sampling distribution of a statistic is the distribution of that statistic, considered as a random variable, when derived from a random sample of size n .
Answer:
Explanation:
As auditor, I may not agree with the policy that is been changed. It
is believed that, by default there is a normal loan risk that is been associated with the business of Pacific Bank. A way to help reduce this risk is to carefully asses the loan applications. Loans that are large has greater risk in the event of default compared to smaller loans. Therefore, it is reasonable to have more than several individual involved in decision making give a loan that is very big. In addition, loans should be given base on those that meet the requirements, it should not be on the base on favoritism or people with relationship with bank president. Giving the bank president the power to give huge loans may lead to him granting loans to people who he is familiar with, without the required due process been followed. This may cause the bank to be credit exposed risks that are poor.
Answer:
In both cases you will reach $1 million in savings
Explanation:
Giving the following information:
Suppose your goal is to save $1 million by the age of 60.
1) What amount of money will be saved by socking away $11,793 per year starting at age 29 with a 6% annual interest rate?
We need to use the final value formula with an annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {11793*[(1.06^31)-1]}/0.06= $1,000,066.18
2)What amount of money will be saved by socking away $27,186 per year starting at age 40 at the same interest rate?
FV= {27186*[(1.06^20)-1]}/0.06
FV= $1,000,053.1
Answer:
Explanation:
Suppose Nippon Technology had the following cash flow results for 2019: Net Cash Flow from Operating Activities of $8,400,000 Net Cash Flow from Investing Activities of -$1,300,000 Net Cash Flow from Financing Activities of $4,000,000 Create a statement of cash flows with amounts in thousands. What is the Net Cash Flow? Note: Financial results are provided in dollars but the income statement units are thousands of dollars. Please specify your answer in the same units as the statement of cash flows (i.e., enter the number from your completed statement of cash flows
Answer:
do you have an emergency fund.