I have figured out the risk premium and average risk premium for the question below. I'm having trouble figuring out what the standard deviation of the risk premium is. 2006 18.67 7.50 2007 9.01 7.16 2008 −39.83 2.80 2009 30.90 0.80 2010 20.56 0.92 The average risk premium is 4.03% but can't figure out how to calculate standard deviation of the risk premium.

Yes, an excel function will do.

Thank you.

Question 24

Scenario: Mark can make three tables and one chair in a day, while John can make four tables and one chair in a day.

Refer to the scenario above. Which of the following is true in this case?

Mark should specialize in making chairs, because he has a lower opportunity cost of producing them.

Mark should specialize in making chairs, because he has a greater opportunity cost of producing them.

Mark should specialize in making tables, because he has a greater opportunity cost of producing them.

Mark should specialize in making tables, because he has a lower opportunity cost of producing them.

Question 25

Scenario: Mark can make three tables and one chair in a day, while John can make four tables and one chair in a day.

Refer to the scenario above. Which of the following is true in this case?

John should specialize in making chairs, because he has a greater opportunity cost of producing them.

John should specialize in making chairs, because he has a lower opportunity cost of producing them.

John should specialize in making tables, because he has a greater opportunity cost of producing them.

John should specialize in making tables, because he has a lower opportunity cost of producing them.

Question 26 1

Scenario: Mark can make three tables and one chair in a day, while John can make four tables and one chair in a day.

Refer to the scenario above. Which of the following is true in this case?

John should specialize in making both chairs and tables.

John should specialize in making chairs, and Mark should specialize in making tables.

Mark should specialize in making both chairs and tables.

Mark should specialize in making chairs, and John should specialize in making tables.

Question 27 1 pts

One dollar could be exchanged for 55 rupees in 2013 and for 60 rupees in 2014. This implies that the ________.

nominal exchange rate did not change in 2014

rupee appreciated in 2014

dollar appreciated in 2014

real exchange rate did not change in 2014

Question 28

Assume that at the beginning of 2012, 1 dollar could be traded for 5 yuan. If in 2013, 1 dollar was being traded for 6 yuan, it can be concluded that ________.

the dollar depreciated against the yuan and the yuan appreciated against the dollar in 2013

the real exchange rate changed in 2013, assuming PPP holds

the dollar appreciated against the yuan and the yuan depreciated against the dollar in 2013

the nominal exchange rate did not change in 2013

A company is using Markov theory to analyse switching between four different foods marketed as slimming aids. These slimming aids claim that with regular use they result in significant weight loss. Individual customers who buy these sliming aids only switch (on average) once every four months. Market research has produced the data shown below for the probability of customers switching between slimming aids. UL20/0468 Page 6 of 9 To 1 slimming aid From slimming aid 1234 1 0.04 0.02 0 0 0.55 0.89 0 0 0.30 0.04 0 0 0.11 0.05 1 2 3 4 Here, for example, there is a probability of 0.11 that a customer switches to slimming aid 4 from slimming aid 2. The current market shares are 9%, 78%, 3% and 10% for aids 1, 2, 3 and 4 respectively. (a) Copy the following table into your answer and fill in the long-run prediction for the market shares for these four slimming aids. Long-run (%, 2dp) Aid 1 Aid 2 Aid 3 Aid 4 (b) The appropriate regulatory authority in the country where these four slimming aids are marketed has been concerned about the claims made for weight loss. As a result of an investigation which they have made they intend to ban sliming aid 2 from the market in six months’ time for making false claims. Giving a clear explanation of your working, copy the following table into your answer and fill in the percentage of the market that will be affected by this ban when it is imposed in six months’ time. Value Percentage affected (2dp)

Draw the pic

1. The probability that a customer will purchase today’s special, the “Never Been Feta” burger, is 0.27. Given that 9 customers are currently in line waiting to order, respond to the following:

a) What is the probability that exactly 5 specials will be sold to this set of customers?

         b) Determine the expected number of specials that will be sold.

            c) Calculate the standard deviation for this probability distribution.

2) It is known that at major sporting events only 60% of persons that use the washroom during a break in the action will wash their hands. Assuming that you had observed 14 people leave the washroom, answer the following:

a) The probability that exactly 4 of these people have washed their hands.

b) The probability that more than 10 of these people have washed their hands.

c) The probability that at least 4 of these people will have washed their hands.

d) The expected value for this probability distribution.

3) Based on years of historical data, the salary research firm, HR Pufnstuf, states that the annual salary for a Marketing Manager working on Living Island follows a normal distribution with a mean of $62,000 and a standard deviation of $8,000. Given this information determine the following:

1. The probability that a randomly selected Marketing Manager on Living Island would earn an annual salary of more than $65,000.

       b) The probability that a Living Island Marketing Manager’s annual salary would be between $60,000 and $75,000.

3. The percent of Marketing Manager’s on Living Island with an annual salary of less than $80,000.

4. The probability that any given Marketing Manager’s annual salary on Living Island would be between $75,000 and $85,000.
5. The 95th percentile, i.e. annual salary above which 5% of the Living Island’s Marketing Manager’s would earn.

4) It is known that the average age of major league baseball players is 28.3 years with a population standard deviation of 2.8 years. Determine the probability that the average age of 36 randomly selected National League baseball players is less than 27 years of age?

Problem 5-01A Sunland Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Sunlands’ ledger showed Cash of $8,900 and Common Stock of $8,900. May 1 Purchased merchandise on account from Black Wholesale Supply for $8,900, terms 1/10, n/30. 2 Sold merchandise on account for $5,300, terms 2/10, n/30. The cost of the merchandise sold was $4,200. 5 Received credit from Black Wholesale Supply for merchandise returned $200. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Black Wholesale Supply in full, less discount. 11 Purchased supplies for cash $900. 12 Purchased merchandise for cash $3,900. 15 Received $230 refund for return of poor-quality merchandise from supplier on cash purchase. 17 Purchased merchandise from Wilhelm Distributors for $3,300, terms 2/10, n/30. 19 Paid freight on May 17 purchase $250. 24 Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100. 25 Purchased merchandise from Clasps Inc. for $800, terms 3/10, n/30. 27 Paid Wilhelm Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $108. The returned merchandise had cost $94. 31 Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $838.

Journalize the transactions using a perpetual inventory system. Post the transactions to T-accounts. Be sure to enter the beginning cash and common stock balances

Prepare an income statement through gross profit for the month of May 2022.

Calculate the profit margin and the gross profit rate. (Assume operating expenses were $1,428.) (Round answers to 1 decimal place, e.g. 15.5%.)

Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations:

1. Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on March 31. Record item g as 2 entries. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 10

JOURNAL

2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month. For grading purposes enter transactions in alphabetical order. Determine the correct ending balance. The ending balance label is provided on the left side of the T account even when the ending balance is a credit. The unused cell on the balance line should be left blank.

3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries.

4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries.

Game Theory

The neo Luddites and the pro Technologists have publicly agreed to a halt in developing weapons and have cosigned a treaty to that effect. However, they are both engaged in a covert arms race in which each group is assumed to have two possible strategies: develop a new weapon or maintain the status quo. In the vernacular of game theory, the “cooperative action” is to maintain the status quo by honoring the treaty.

This game is based on the assumption that if only one group develops a new weapon then the group with the new weapon will conquer the other. In this case, the conquering group earns a reward of 20 units and the conquered group looses 100 units. It is also assumed that the cost of developing a new weapon is 10 units.

(a)

What is the reward matrix for this problem?

(b)

Is this a “true prisoner’s dilemma game”? Why or why not?

(c)

Is there an equilibrium point for this game? If so, what is this point? If not, explain why.

(d)

Does this problem provide any insight into how maintaining the balance of power may lead to an arms race? Discuss your answer.

1. The following partial information is available for company Z:

Sales $5000

Cost of goods sold $500

Salary expense $300

Unearned revenue (customer advance ) $200

Interest income $100

Gross profit would be: