Question
In: Statistics and Probability
Sam transports bags of concrete to construction sites. Until he has enough money to buy his...
Sam transports bags of concrete to construction sites. Until he has enough money to buy his own truck he rents a truck every day from the local U-Haul company. The UHaul company has limited availability of their larger trucks. On any day, there is a 20% chance that Joe can get a large truck a 30% chance that he could get a medium truck and a 50% chance that he'll have to settle for a small truck. With a large truck Joe can transport 1000 lbs of concrete in a day, with a medium truck he can transport 700 lbs in a day and with a small truck only 500 lbs in a day.
a. How much should Joe expect to be able to transport if he has
a job that will last 30 days?
b. What is the standard deviation of the distribution of the amount
of concrete he can transport in a day?
Solutions
orchestra answered 2 years agoRelated Solutions
Sam has an annual income of $78,000 and wants to buy a home. He will need...
Sam has an annual income of $78,000 and wants to buy a
home.
He will need a home mortgage loan to do that. Current mortgage
interest rates are 6%
for a 30 year loan. Given the type of home he would like to buy,
annual real estate
taxes and homeowner’s insurance would be about $4,800 and $1,500,
respectively.
Given the above facts, and using a 36 percent back-end ratio,
what total monthly mortgage loan payments (including taxes and
insurance, i.e.,...
Aubrey would like to buy 2 bonds. She has enough money to buy both bonds. The...
Aubrey would like to buy 2 bonds. She has enough money to buy
both bonds. The following are 2 bonds that she considers
purchasing: (Hint: Calculate both prices. Total price = Bond 1
price + Bond 2 price) Bond 1: It is a zero-coupon bond. The YTM is
8.0%. It will mature in 35 years. Annual compounding. Bond 2: It is
a bond with a market rate of 5.5%. Its coupon rate is 8.0%,
compounded semiannually. This bond will mature...
Shaun has enough money to put a 20% down payment on the new house he and...
Shaun has enough money to put a 20% down payment on the new
house he and his family have picked out, but they will lose the
emergency fund. Putting less than this down will increase his
payments. What tradeoffs should he consider?
Mr. Sam Golff desires to invest a portion of his assets in rental property. He has...
Mr. Sam Golff desires to invest a portion of his assets in
rental property. He has narrowed his choices down to two apartment
complexes, Palmer Heights and Crenshaw Village. After conferring
with the present owners, Mr. Golff has developed the following
estimates of the cash flows for these properties.
Palmer Heights
Yearly Aftertax
Cash Inflow
(in thousands)
Probability
$
30
0.2
35
0.2
50
0.2
65
0.2
70
0.2
Crenshaw Village
Yearly Aftertax
Cash Inflow
(in thousands)
Probability...
Mr. Sam Golff desires to invest a portion of his assets in rental property. He has...
Mr. Sam Golff desires to invest a portion of his assets in
rental property. He has narrowed his choices down to two apartment
complexes, Palmer Heights and Crenshaw Village. After conferring
with the present owners, Mr. Golff has developed the following
estimates of the cash flows for these properties.
Palmer Heights
Yearly Aftertax
Cash Inflow
(in thousands)
Probability
$
150
.2
155
.2
170
.2
185
.2
190
.2
Crenshaw Village
Yearly Aftertax
Cash Inflow
(in thousands)
Probability...
Mr. Sam Golff desires to invest a portion of his assets in rental property. He has...
Mr. Sam Golff desires to invest a portion of his assets in
rental property. He has narrowed his choices down to two apartment
complexes, Palmer Heights and Crenshaw Village. After conferring
with the present owners, Mr. Golff has developed the following
estimates of the cash flows for these properties.
Palmer Heights
Yearly Aftertax
Cash Inflow
(in thousands)
Probability
$
120
0.2
125
0.2
140
0.2
155
0.2
160
0.2
Crenshaw Village
Yearly Aftertax
Cash Inflow
(in thousands)
Probability...
Mr. Sam Golff desires to invest a portion of his assets in rental property. He has...
Mr. Sam Golff desires to invest a portion of his assets in
rental property. He has narrowed his choices down to two apartment
complexes, Palmer Heights and Crenshaw Village. After conferring
with the present owners, Mr. Golff has developed the following
estimates of the cash flows for these properties.
Palmer Heights
Yearly Aftertax
Cash Inflow
(in thousands)
Probability
$
10
.1
15
.2
30
.4
45
.2
50
.1
Crenshaw Village
Yearly Aftertax
Cash Inflow
(in thousands)
Probability...
Mr. Sam Golff desires to invest a portion of his assets in rental property. He has...
Mr. Sam Golff desires to invest a portion of his assets in
rental property. He has narrowed his choices down to two apartment
complexes, Palmer Heights and Crenshaw Village. After conferring
with the present owners, Mr. Golff has developed the following
estimates of the cash flows for these properties. Palmer Heights
Yearly Aftertax Cash Inflow (in thousands) Probability $ 130 .1 135
.2 150 .4 165 .2 170 .1 Crenshaw Village Yearly Aftertax Cash
Inflow (in thousands) Probability $ 135...
Mr. Sam Golff desires to invest a portion of his assets in rental property. He has...
Mr. Sam Golff desires to invest a portion of his assets in
rental property. He has narrowed his choices down to two apartment
complexes, Palmer Heights and Crenshaw Village. After conferring
with the present owners, Mr. Golff has developed the following
estimates of the cash flows for these properties.
Palmer Heights
Yearly Aftertax
Cash Inflow
(in thousands)
Probability
$
20
.2
25
.2
40
.2
55
.2
60
.2
Crenshaw Village
Yearly Aftertax
Cash Inflow
(in thousands)
Probability...
Mr. Sam Golff desires to invest a portion of his assets in rental property. He has...
Mr. Sam Golff desires to invest a portion of his assets in
rental property. He has narrowed his choices down to two apartment
complexes, Palmer Heights and Crenshaw Village. After conferring
with the present owners, Mr. Golff has developed the following
estimates of the cash flows for these properties.
Palmer Heights
Yearly Aftertax
Cash Inflow
(in thousands)
Probability
$
10
.2
15
.2
30
.2
45
.2
50
.2
Crenshaw Village
Yearly Aftertax
Cash Inflow
(in thousands)
Probability
$...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Part 1 Here is some code: def foo(var): var = [] var.append("hello") var.append("world") list = ["bah"]...
- Project Description In this project you will build a car configuration application in six units. Each...
- Golden Corp., a merchandiser, recently completed its 2017 operations. For the year, (1) all sales are...
- Project Description In this project you will build a car configuration application in six units. Each...
- The cost accounting department has asked you to check their EOQ figures. You have been given...
- List the 4 reasons for process termination.
- Give at least 5 nursing interventions (with rationale) for nursing diagnosis: Risk for ineffective sexuality patterns...
ADVERTISEMENT