Answer:
the probability that exactly 8 complete the program is 0.001025
Explanation:
given information:
60 % of those sent complete the program, p = 0.6
the total of people being sent, n = 27
exactly 8 complete the program, x = 8
to find the probability, we can use the following formula
![P(X=x)=\left[\begin{array}{ccc}n\\x\\\end{array}\right] p^{x} (1-p)^{n-x}](https://tex.z-dn.net/?f=P%28X%3Dx%29%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7Dn%5C%5Cx%5C%5C%5Cend%7Barray%7D%5Cright%5D%20p%5E%7Bx%7D%20%281-p%29%5E%7Bn-x%7D)
![P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (1-0.6)^{27-8}](https://tex.z-dn.net/?f=P%28X%3D8%29%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D27%5C%5C8%5C%5C%5Cend%7Barray%7D%5Cright%5D%200.6%5E%7B8%7D%20%281-0.6%29%5E%7B27-8%7D)
![P(X=8)=\left[\begin{array}{ccc}27\\8\\\end{array}\right] 0.6^{8} (0.4)^{19}](https://tex.z-dn.net/?f=P%28X%3D8%29%3D%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D27%5C%5C8%5C%5C%5Cend%7Barray%7D%5Cright%5D%200.6%5E%7B8%7D%20%280.4%29%5E%7B19%7D)
= 0.001025
Answer:
It takes a share in the profits that are derived from the investment.
Explanation:
The Mudarabah banking system is a financial concept that is structured on partnership, wherein one partner is the financier (rabbulma) while the other partner is responsible for the supply of labor and skills (mudarib) for the management of the capital invested in the business. Consequently, the factors of production in this system are, labor, capital and entrepreneurship.
The Mudarabah is of two types:
1. Restricted mudarabah: if the financier states a particular business for which the capital is to be invested in.
2. Unrestricted mudarabah: if the financier permits the fund manager or entrepreneur (mudarib) to invest the capital in any business of choice.
Under the mudarabah banking system, when an Islamic bank lends money to a business, it takes a share in the profits that are derived from the investment for a specific period of time.
Hence, it's a banking system peculiar to the Islamic world and the contractual partners shares profit and loss based on a pre-defined and agreed ratio.
Answer: $670,400
Explanation:
Period costs are not included in direct production and in this instance include:
- Variable selling and administrative expense
- Fixed manufacturing overhead
- Fixed selling and administrative expense
Period costs = (12,000 * 4) + 406,400 + 216,000
= $670,400
Answer:
Explanation:
In finance, short selling (also known as shorting or going short) is the practice of selling assets, that have been borrowed from a third party with the intention of buying identical assets back at a later date to return to the lender.
So in the given scenario the investor would be at lose of
Selling price = 3.74 per bushel
Purchase price = 3.61 per bushel
therefore lose of $ 0.13 per bushel you need to pay off.
