The waiting time at which 10 percent of the people would continue to hold is given as 2.3
<h3>How to solve for the waiting time</h3>
We have to solve for X ~ Exponential(λ).
then E(X) = 1/λ = 3,
= 0.3333
Remember that the cumulative distribution function of X is F(x) = 1 - e^(-λx). ; x is equal to the time in over case
For 10 percent of the people we would have a probability of
10/100 = 0.1
we are to find
P(X ≤ t)
= 1 - e^(0.3333)(t) = 0.1
Our concern is the value of t
Then we take the like terms
1-0.1 = e^(0.3333)(t)
1/0.9 = e^(0.3333)(t)
t = 3 * ln(1/0.9)
= 0.3157
Answer: Option (a) is correct.
Explanation:
Correct option: Aggregate demand shifts right.
Aggregate demand = consumption + government spending + Investment + Net Exports
Other things remains constant, if there is an increase in the government spending, as a result aggregate demand curve shifts rightwards. This will lead to increase the price level and level of output.
Answer:
$50,500
Explanation:
The investment treasury bonds account must be debited by $50,500 which includes the face value of the bonds ($50,000) and the broker's commission ($500). Investment accounts only record the purchase price of the bonds, they do not record any accrued interests.
The amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.
<h3>Amount owe after adjustment</h3>
Using this formula
Amount owe=Service charges-(Deposit balance×(1-Reserve requirement)×ECR× Number of days/Number of days in a year)
Let plug in the formula
Amount owe = 2500 - (4126000× (1-.10)×0.45%×31/365)
Amount owe = 2500 - (4126000×.90×0.45%×31/365)
Amount owe=2500-1,419
Amount owe =$1081
Therefore the amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.
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Answer:
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