Suppose the percent of licensed U.S. drivers (from a recent year) that are female is 49.50. Of the females, 5.19% are age 19 and under; 79.24% are age 20-64; 15.57% are age 65 or over. Of the licensed U.S. male drivers, 5.25% are age 19 and under; 79.32% are age 20-64; 15.43% are age 65 or over.

a. construct a contingency table of the situation( round to two decimal places)

b. P(driver is female)

c. P(driver is age 65 or over | driver is female)

d. P(driver is age 65 or over AND female)

e. In words, explain the difference between the probabilities in part (c) and part (d).

f. P(driver is age 65 or over) g. Are being age 65 or over and being female mutually exclusive events? How do you know?

The company's management is considering a new 8 year project. The project will require the purchase of a new piece of equipment at a cost of $600,000. The equipment will last eight years and have no salvage value at the end of its life. This project will generate incremental net cash revenues eah year duing the assets life in the amount of $140,000. The company uses straight-line depreciation and requires a minumum of 10% return on all new projects.

1. Using simple rate of return, should the project be accpeted? why or why not?

2. Explain strenghts and weaknesses of using rimple rate of return

Joe Carter is looking to invest in a four-year bond that pays semiannual coupons at a coupon rate of 5.6 percent and has a par value of $1,000. If these bonds have a market price of $1,035, what yield to maturity is being implied in the pricing? What is the current yield? What is the effective annual yield?

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A bond has a quoted price of $900. It has a face value of

$1,000, YTM of 10%, and a maturity of 10 years. Coupon is

paid every quarter. What is its coupon rate?

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You invested $100,000 in stocks last year and earned a return

of 12 percent. If the inflation rate last year was 3 percent, what

was your real return?

Last year, 35.7 % of all employees at a large company enrolled in at least one wellness class at the company's site. A survey is sent out to a sample employees at the start of the new fiscal year to see if a greater percentage is planning to take a wellness class this year. Survey responses are received from 162 employees and 76 indicate that they plan to enroll in a wellness class. Test the appropriate hypotheses using a significance level of 0.10.

• H0:H0: Select an answer p p̂  ? < = > ≠     Ha:Ha: Select an answer p p̂  ? < ≠ >  
• αα =    decision rule: Reject H0H0 if probability ? < > ≠  αα  
• Test Statistic: z =   (Note: round the z-score to two decimal places - carry at least four decimal places throughout all of your calculations)
• probability =   (Note: round the probability to four decimal places)
• decision: Select an answer Reject H₀ Fail to reject H₀
• Conclusion: At the 0.10 level, there Select an answer is not is  significant evidence to conclude the percentage of employees that plan to enroll in at least one wellness class in the upcoming year is Select an answer less than greater than different than  than 35.7%.

Suppose that you invest in a two-year Treasury bond with a coupon rate of 6% and $1,000 par. Suppose that you buy this bond at a price of exactly $1,000. You intend to hold this bond to maturity and reinvest the coupons until the bond matures. You expect to reinvest the coupons in an account that pays an APR of 1.23%, with semi-annual compounding. What is the effective annual rate of return on your investment? Hint: see Example 8 in the Lecture.

Do not round at intermediate steps in your calculation. Express your answer in percent. Round to three decimal places. Do not type the % symbol. If the return is negative, then include a minus sign.

The average number of graduates for a school district has been 250 per year with a standard deviation of 30. What is the probability that the number of graduates next year will be:

a. Less than 220

b. Less than 325

c. Less than 285

d. More than 238

e. More than 300

f. More than 325

Tesla. has a unique opportunity to invest in a two-year project in Australia. The project is expected to generate 1,700,000 Australian dollars (A$) in the first year and A$2,700,000 in the second. Tesla would have to invest $3,000,000 in the project. Tesla has determined that the cost of capital for similar projects is 16 percent. What is the net present value of this project if the spot rate of the Australian dollar for the two years is forecasted to be $.65 and $.70, respectively (5 Points)?

Assume you are looking to buy a house $200,000 with a 20 year mortgage at 12%, estimate the monthly mortgage payment, first months interest, total amount to be repaid and the total interest.

Markus Company’s common stock sold for $5.50 per share at the end of this year. The company paid a common stock dividend of $0.77 per share this year. It also provided the following data excerpts from this year’s financial statements:     

rev: 05_25_2017_QC_CS-89969

4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%)

5. What is the return on equity? (Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.)

6. What is the book value per share at the end of this year? (Round your answer to 2 decimal places.)  

7. What is the amount of working capital and the current ratio at the end of this year? (Round "Current ratio" to 2 decimal places.)      

8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.)

9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)

10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.

11. What is the company’s operating cycle? (Round your intermediate and final answers to 2 decimal places.)  

12. What is the total asset turnover? (Round your answer to 2 decimal places.)      

13. What is the times interest earned ratio? (Round your answer to 2 decimal place.)

14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.)      

15. What is the equity multiplier? (Round your answer to 2 decimal places.)