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Klio2033 [76]
3 years ago
14

Maxwell purchased $15,000 worth of 52-week T-Bills for $14,650. What will be the rate of return on his investment?

Mathematics
1 answer:
Ket [755]3 years ago
5 0

Answer:

2.39%

Step-by-step explanation:

Maxwell bought $15,000 worth of 52-week T-bills for $14,650

Therefore the rate of return on investment can be calculated as follows

= 15,000-14,650/14,650× 100

= 350/14,650 × 100

= 0.02389 × 100

= 2.39%

Hence the rate of return on this investment is 2.39%

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Answer:

E (X) = 1.8

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σ = 0.6

Step-by-step explanation:

Solution:-

- Denote the random variable X : is the number of red marbles that Suzan has in her hand after she selects three marbles.

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                Bag : { 3 Red , 2 Green }

- Suzan selects three marbles from the bag. The Event (X) defines the number of red marbles out of 3.

- The total number of outcomes / selections for randomly selecting 3 balls from the bag:

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        P ( X = 2 ) : Suzan chooses 2 Red marble from the available 3 red marble and 1 green marbles.

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        P ( X = 3 ) : Suzan chooses 3 Red marble from the available 3 red marble.

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       P (X):       0.3            0.6              0.1

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                Var ( X ) = ∑Xi^2*P(Xi) - [ E(X) ] ^2

                               = 1^2*0.3 + 2^2*0.6 + 3^2*0.1 - 1.8^2

                               = 0.36

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                σ = √Var(X)

                σ = √0.36

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