Questions
A used car salesperson claims that the probability of he selling a used car to an...

A used car salesperson claims that the probability of he selling a used car to an individual looking to purchase a used car is 70% and this probability does not vary from individual to individual. Suppose 5 individuals come to speak to this salesperson one day. If his belief is correct,

  1. The probability (to 4 decimal places) that he will sell a car to the first individual he speaks to is ______
  1. The probability (to 4 decimal places) that he will not sell a car to any of these 5 individuals is ______
  1. The probability (to 4 decimal places) that he will sell a car to exactly 2 individuals is _______

  1. The expected number (to 2 decimal places) of individuals he will sell a car to is ­­________

  1. The standard deviation (to 4 decimal places) in the number of individuals to whom he will sell a car is

________

  1. If the salesperson pays the dealership who allows him to sell cars $1000 per day for the privilege of working at the dealership, and, if he earns $2000 for each car he sells, the expected income per day is

________

In: Statistics and Probability

Suppose steel manufacturers in the United States earned a rate of return on capital of 4%....

Suppose steel manufacturers in the United States earned a rate of return on capital of 4%. Pretend that there are many producers of steels, steel is a homogenous product and there is free entry an exit into the steel industry. Further suppose that the average rate of return on capital for ALL manufacturing was 10%. a) What would you expect to happen to the number of firms in the steel industry? Explain why. Now, suppose that the US bans all imports of steel into the United States. b) What would you expect to happen to the price of steel in the US? Explain why. What would you expect to happen to the profitability of steel manufacturers in the US? Explain why. What would you expect to happen to the number of steel manufacturers in the US? Explain why. Now, suppose after a few years, the ban on the imports of steel into the United States is lifted. c) What would you expect to happen to the price of steel in the US? Explain why. What would you expect to happen to the profitability of steel manufacturers in the US? Explain why. What would you expect to happen to the number of steel manufacturers in the US? Explain why.

In: Economics

I need a C++ program using while loops that counts the number of characters in a...

I need a C++ program using while loops that counts the number of characters in a sentence. The user inputs a sentence and then terminates the input with either '.' or '!'. And then it needs to count and display the number of a's, e's, i's, o's, u's, and consonants. The program should read both lower and upper case. They don't want us using switch statements or string operators, and want us to us if else if statements. I have the main while loop that counts the total number of characters in a sentence, but can't get the program to count the individual vowels and the consonants. Could you comment the steps so I can figure out what I'm missing?

In: Computer Science

Bansal Real Estate Company was founded 25 years ago by the current CEO, RanjitBansal. The company...

Bansal Real Estate Company was founded 25 years ago by the current CEO, RanjitBansal.
The company purchases real estate, including land and buildings, and rents the property to
tenants. The company has shown a profit every year for the past 18 years, and the stock
holders are satisfied with the company’s management. Prior to BansalReal Estate Mr.
Bansal was CEO and founder of agro firm which was bankrupt because of debt financing.
So Mr. Bansal was against debt financing and therefore the Bansal Real Estate Company is
100% equity financed with 15 million shares outstanding and the stock currently trades at
Rs. 300 per share.
Bansal is evaluating a plan to purchase a huge tract of land near Kathmandu for Rs 900
million. The land will generate huge revenue so the pretax income will increase by Rs. 220
million in perpetuity. The new CFO Mr. Supreme has determined the current cost of capital
of the company is 12.5%. He feels that the company would be more valuable if it included
debt in its capital structure, so he is evaluating whether the company should issue debt to
entirely finance the new project. He thinks that the bond can be issued at par with coupon
rate of 8%. Based on some conversations with investment bank, he thinks that the 70%
equity and remaining debt would be optimal capital structure. He also thinks that higher
debt would be lowering the rating and cost would increase. The corporate tax rate is 40%.
a. If the Bansal wishes to maximize its total market value, would you recommend that it
issues debt or equity to finance land purchase? Explain
b. If the company issue debt then what would be the impact in price per share? If the
company issue equity rather thandebt, what would be the impact in price per share?

In: Finance

John Thurgood founded a company that translates Chinese books into English. His company is currently testing...

  1. John Thurgood founded a company that translates Chinese books into English. His company is currently testing a computer-based translation service. Since Chinese symbols are difficult to translate, John assumes the computer program will make some errors, but then so do human translators. The computer error rate, as promised by the computer program developer, is no more than three errors per 400 words. Suppose John randomly selects a 1200-word passage. If 15 errors are found in the 1200-word passage, what would you conclude about the computer program developer’s claim? Why? (Assume that it is possible for the computer to make more than one error in translating each word in the passage).

How do I enter this into minitab?

In: Statistics and Probability

1. There are two mutual fund managers. Manager 1 earned 15% in the past year, whereas...

1. There are two mutual fund managers. Manager 1 earned 15% in the past year, whereas manager 2 earned 10% in the past year. The beta of the first manager is 1.1, whereas the beta for the second manager is 0.8. Assume CAPM is the correct model. Which manager is a better stock selector (i.e. who performed better on a risk-adjusted basis)?

2. There are two mutual fund managers. Manager 1 earned 18% in the past year, whereas manager 2 earned 7% in the past year. The beta of the first manager is 2.1, whereas the beta for the second manager is 0.9. Assume the expected market risk premium is 12% and the risk-free rate is 5%. Assume CAPM is the correct model. Which manager is a better stock selector (i.e. who performed better on a risk-adjusted basis)?

3. A discount bond has a quoted yield to maturity of 10% and a par amount of $1000. What do you know about a) the price of the bond, and b) the coupon?

In: Finance

In the New York Times article, “From Prison to Ph.D.: The Redemption and Rejection of Michelle...

In the New York Times article, “From Prison to Ph.D.: The Redemption and Rejection of Michelle Jones,” the author describes how an Indiana prisoner who murdered her 4-year-old son 20 years ago became a scholar and was awarded a PhD while still in prison. Following her application to attend further study at Harvard University, she was turned down by Harvard’s administration, citing concerns that they were supporting someone who is a convicted “child murderer.” Elizabeth Hinton, one of the Harvard historians who backed Ms. Jones, called her “one of the strongest candidates in the country last year, period.” The case “throws into relief,” she added, the question of “how much do we really believe in the possibility of human redemption?” Discuss.

In: Psychology

4. Consider each of the following activities separately, how much does it contribute to US GDP?...

4. Consider each of the following activities separately, how much does it contribute to US GDP?

(a) Company X in the US bought steel from another US company, which costs $50,000. Company X used the steel to make cars, and sold them for $150,000 this year.

(b) Your kid mows the lawn for your neighbor, and your neighbor gives him $50 for his work.

(c) This year, you sold your house for $500,000, which was built 100 years ago. Your agent charges you $10,000 for the agent services.

(d) Your mom gave you $1,000 for your birthday. You put $500 in your savings account.

In: Economics

The variable to be measured is the number of hours a ten year old spend watching...

The variable to be measured is the number of hours a ten year old spend watching videos . Using three distributions-

1 Distribution of a population of an individual

2 Distribution of a particular sample of individuals from the population

3 Distribution of the mean

Explain the difference in these three distribution to some one who has never taken statistics class before.

In: Statistics and Probability

I NEED TO: Write a 100-word paragraph (in your own words) stating whether the study below...

I NEED TO: Write a 100-word paragraph (in your own words) stating whether the study below is correlational or experimental and explaining why you believe it is correlational or experimental. If you believe it is both or neither, explain your thinking with examples from the article/study listed below.

PLEASE READ THE STUDY, IT IS LISTED BELOW TO ANSWER THE ESSAY QUESTION ABOVE:

Facebook’s damaging effects on mental health have been widely reported in a series of studies – but could the social network be making us physically ill, too? Researchers found that people who spent time looking at other people’s Facebook profiles, felt real physical symptoms as sleep problems, weight change and muscle tension. Researchers interviewed 165 Facebook users, and found that people who were inclined to compare themselves to others felt more aware of physical ailments. It’s not that Facebook actually causes the symptoms in other words, but comparing onself to others perceived as ‘better off’ causes increased awareness of symptoms. Dr Bridget Dibb, Senior Lecturer in Health Psychology at the University of Surrey, said, ‘Comparing ourselves to others is not a new concept; however, with the rise of social media it is becoming a part of our everyday lives. ‘An entity like Facebook, with 2.27 billion active monthly users, has never existed before. The long term effect it has on individuals is unknown, but it is clear that comparison with others is associated with perceptions of ill-health.‘Users need to be aware of how they feel when they use sites like Facebook and recognize the dangers of comparisons in this context.’

In: Statistics and Probability