Answer:
The term job qualifications refers to the education, work experience, and skills appearing on a job opening. Recruiters and hiring managers use the list of required and desired job qualifications when selecting applicants for an interview, so its true.
Answer:
C) prohibited as a likely exaggeration
Explanation:
The statement being made by the adviser is prohibited as a likely exaggeration. An investment adviser has the moral obligation to advise the client so that they may increase their wealth safely through informed decisions. This does not include exaggerated price predictions. Regardless of past performance, an adviser cannot state that an asset will double in the near future or in the future in general because no one can know what will happen in the future and making such a prediction can be dangerous for the client.
Answer: $60
Explanation:
From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.
The expected winning bid if there are four bidders goes thus:
Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.
The expected winning bid will now be:
= ($50 × 1/2) + ($70 × 1/2)
= ($50 × 0.5) + ($70 × 0.5)
= $25 + $35
= $60
Answer:
<em>The (minimum) annual interest rate should be at 7.28%</em>
Explanation:
<u>Compound Interest</u>
An investment consisting of a principal P, (or present value) earns interest on each period considering the previous period's amount including the interest earned (no withdrawals). This situation is defined as an investment in compound interest unlike simple interest, where each interest amount is withdrawn and the new principal is P again.
To find the future value (FV) of an investment with an interest annual rate i during n years is

If needed, we can solve the equation for i. Dividing by P:

Taking the nth-root:
![\displaystyle \sqrt[n]{\frac{FV}{P}} =1+i](https://tex.z-dn.net/?f=%5Cdisplaystyle%20%5Csqrt%5Bn%5D%7B%5Cfrac%7BFV%7D%7BP%7D%7D%20%3D1%2Bi)
Finally:
![\displaystyle i=\sqrt[n]{\frac{FV}{P}} -1](https://tex.z-dn.net/?f=%5Cdisplaystyle%20i%3D%5Csqrt%5Bn%5D%7B%5Cfrac%7BFV%7D%7BP%7D%7D%20-1)
The parents will retire in n=27 years and they currently have P=$360,000 as an initial investment that they want to become into their retirement funds. Let's calculate the needed interest rate:
![\displaystyle i=\sqrt[27]{\frac{2,400,000}{360,000}} -1](https://tex.z-dn.net/?f=%5Cdisplaystyle%20i%3D%5Csqrt%5B27%5D%7B%5Cfrac%7B2%2C400%2C000%7D%7B360%2C000%7D%7D%20-1)


The (minimum) annual interest rate should be at 7.28%