Answer: $106.8
Step-by-step explanation:
Given that the bond price is $100.75
With a 6% brokerage fee
Find the total cost to the nearest cent
First, we calculate the 6% brokerage fee= 6/100 × 100.75
= 0.06 x 100.75
= 6.045
Total cost therefore is the sum of brokerage fee and the cost of bond
= $6.045 + $100.75
= $106.795
To the nearest cent = $106.8
Answer:
a)
With:
b)
c)
d)
Step-by-step explanation:
For this case we know the following propoertis for the random variable X
We select a sample size of n = 81
Part a
Since the sample size is large enough we can use the central limit distribution and the distribution for the sampel mean on this case would be:
With:
Part b
We want this probability:
We can use the z score formula given by:
And if we find the z score for 89 we got:
Part c
We can use the z score formula given by:
And if we find the z score for 75.65 we got:
Part d
We want this probability:
We find the z scores:
Answer:
2*square root of 2
Step-by-step explanation:
The square root of 8 is equal to 2*square root of 2