Based on the information given each share has a net asset value of $17. 50. True.
Using this formula
Net asset value=Net assets/Number of shares
Where:
Net assets=$294,000
Number of shares=16,800 shares
Let plug in the formula
Net asset value=$294,000/16,800 shares
Net asset value=$17.50
Inconclusion each share has a net asset value of $17. 50. True.
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Answer:
P=0.54.
Step-by-step explanation:
We know that in a sample of 6500 automobiles found that 1560 of the automobiles were black, 3120 of the automobiles were sedans, and 1170 of the automobiles were black sedans.
We calculate the number of sedans that are not black:
3120-1170=1950
We calculate the number of black cars that are not sedans:
1560-1170=390
The number of automobiles which are black or a sedan is
1950+390+1170=3510.
The probability that the automobile is black or a sedan is:
P=3510/6500
P=0.54.
