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Dima020 [189]
3 years ago
9

7. Liqin fixes up old cars and sells them to supplement his retirement income. Liqin came across a beat-up 1955 Corvette that sh

e is considering rebuilding and selling. She estimates a 0.2 probability that she will gain 15% on the deal, a 0.2 probability that she will gain 10%, and a 0.6 probability that she will gain 5%. Liqin's expected return for fixing up and selling the Corvette is ____%. a. 8 b. 11 c. 20 d. 30
Business
1 answer:
ruslelena [56]3 years ago
7 0

Answer:

a. 8%

Explanation:

Expected Return = [(Return*Probability)+(Return*Probability)+(Return*Probability) * 100%]

Expected Return = [{(15%*0.2)+(10%*0.2)+(5%*0.6)} * 100]%

Expected Return = [{(0.15*0.2)+(0.1*0.2)+(0.05*0.6)} * 100]%

Expected Return = [{0.03+0.02+0.03} * 100]%

Expected Return = [{0.08 * 100}]%

Expected Return = 8%

So, Liqin's expected return for fixing up and selling the Corvette is 8%.

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Option C. When tests are used as part of the selection process, care must be taken to ensure that the test being used is both valid and reliable. A test is reliable if it consistently creates or measures accurate results time after time.

<h3>What is meant by reliability?</h3>

This is the term that is used to refer to the fact that the test is consistent and if it is replicated over and over again it is still going to keep producing the same results as it first did.

Reliability is one of the attributes or characteristics of a good test or research. Hence we can conclude that  When tests are used as part of the selection process, care must be taken to ensure that the test being used is both valid and reliable. A test is reliable if it consistently creates or measures accurate results time after time.

Reda more on reliability here: brainly.com/question/1265793

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3 0
1 year ago
AnaCarolina and Jaco work at Duke Manufacturing, and they are tasked with determining appropriate performance metrics for the in
Crazy boy [7]

Answer:

b. operating throughput

Explanation:

Based on the information provided within the question it can be said that the best metric would be operating throughput. This is because the balance scorecard needs to keep track of the execution of activities done by the employees, therefore using the data of operating throughput would allow Duke to accurately measure how well the employees are performing based on how much product they have created.

5 0
3 years ago
What is the speed of a wave if the wavelength is 100 m and the frequency is 20 Hz?
zmey [24]
The anwser 1,000m/s. Good Luck.

6 0
3 years ago
Ben gordon, inc. manufactures 2 products, wheels and seats. the company has estimated its overhead in the assembling department
k0ka [10]
The number of parts used for the wheels is,
                                (300,000 wheels) x (2 parts/wheel) = 600,000
For the seats,
                             (600,000 seats) x (3 parts/seat) = 1,800,00
From the calculation above, the ratio of wheels to total number of parts is 0.25 which means that the overhead allocated for the wheels should be equal to $165,000. The rest of the money should be for Sam, totaling to $495,000. 
8 0
2 years ago
What does the CFO of a company do?
marissa [1.9K]

Answer:

the job of a CFO is to optimize a company's financial performance

Explanation:

including: reporting, liquidity, and return on investment

i hope this helps you i had to remember back

6 0
3 years ago
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