6 You are looking to invest in Italian sculpture and have identified a valuable piece that is currently selling for $29 000. Your expectations that the sculpture should be held for 1 year before selling. Based on your analysis you consider that the sale prices and likelihood that these prices will be realised in 1 year are as follows; 10% chance that the sale price will be $36 000, 30% chance that the sale price will be $32 500, 30% chance that the sale price will be $30 500, 30% chance that the sale price will be $28 000.
Required:
The return that you expect from the investment will be:
8.62%
11.34%
6.55%
7.96%
7 Tolden Trading has borrowed from MacBank to invest in a project. The loan requires a repayment of $17,384 at the end of every month for three years. The lender quoted Tolden Trading a rate of 8.40 per cent with monthly compounding.
Required:
Assuming the MacBank figures are correct;
(1) What is the approximate amount of the loan taken out by Tolden Trading?
(2) What is the approximate overall effective annual rate on the loan if Tolden Trading also was required to pay an initial fee to the mortgage broker who introduced the business to the financier. The fee was payable on establishment of the loan and was an amount equal to 6% of the sum of the first 2 loan repayments.
(1) $551 501, (2) 9.01%
(1) $625 824, (2) 8.66%
(1) $551 501, (2) 8.66%
(1) $44 479, (2) 8.79%
(1) $625 824, (2) 8.95%
(1) $195 607, (2) 9.12%
8 Galgan Trading is a fast-growing telecommunications agency. Currently, their sales are at $700,000. They expect their sales to grow at an annual compound rate of 35% in the next two years, followed by an annual compound rate of 25% in years 3 through 7. Finally, their growth rate would slow down to a compound growth rate of 10% in years 8-10.
Required:
What will be the approximate sales amount for Galgan Trading as of year 10?
$5,181,956
$2,843,323
$3,893,280
$1,698,023
In: Finance
A shoe company wants to test if three groups of workers have different salaries.
Group (1): 23, 41, 54, 66, 78
Group (2): 45, 55, 60, 70, 72
Group (3): 18, 30, 34, 40, 44
Use kruskall Wallis test with α = 0.05.
In: Statistics and Probability
| Age | ||||
| 18-39 | 40-64 | 65+ | ||
| Do you favor or oppose the use of unmanned drones by police agencies in the United States? | Favor | 39% | 31% | 37% |
| Oppose | 37% | 44% | 32% | |
| Not sure | 24% | 24% | 30% | |
Find Chi-Square value of Age out of 1,000 Americans
In: Statistics and Probability
9.9. Is gender independent of education level? A random sample of people were surveyed and
each person was asked to report the highest education level they obtained. Perform a hypothesis
test. Include all 5 steps.
| High School | Bachelors | Masters | |
| Female | 30 | 60 | 54 |
| Male | 25 | 40 | 44 |
In: Statistics and Probability
After graduating from UTD at age 25, John got his first job at
Goldman Sachs with an annual salary of $60,000 a
year and a one-time signing bonus of $25,000. He bought a car using
his signing bonus. Goldman Sachs offers a
401K retirement investment plan that will match employee’s
contribution up to 10%. For example if John invests
1% in the 401K account, Goldman Sachs will put in another 1% into
his account. John is expecting an annual
salary increase of 2.4% (APR on a monthly base. For simplicity,
assume that the growth will start in the second
month). Suppose, the 401K investment plan will earn him an annual
return of 8.4% (APR on a monthly base).
(Assume the beginning of age 25 is month 0 and salary is paid at
the end of each month, i.e., beginning of age 65 is
the last period)
(a) What percentage of salary should John invest in his 401K
account in order for him to have $2 million in the
account when he retires in 40 years?
(b) At the same contribution rate, if he retires in 35 years
instead, how many percent less money will John have?
(c) Instead of buying a nice car, he brought a used car for
$10,000, and saved the rest of signing bonus in a separate
investment account for retirement that pays 9.6% annual interest
(APR on a monthly base). If John wants to
have $2 million when he retires in 35 years, what percentage of
salary should John invest in his 401K account?After graduating from
UTD at age 25, John got his first job at Goldman Sachs with an
annual salary of $60,000 a
year and a one-time signing bonus of $25,000. He bought a car using
his signing bonus. Goldman Sachs offers a
401K retirement investment plan that will match employee’s
contribution up to 10%. For example if John invests
1% in the 401K account, Goldman Sachs will put in another 1% into
his account. John is expecting an annual
salary increase of 2.4% (APR on a monthly base. For simplicity,
assume that the growth will start in the second
month). Suppose, the 401K investment plan will earn him an annual
return of 8.4% (APR on a monthly base).
(Assume the beginning of age 25 is month 0 and salary is paid at
the end of each month, i.e., beginning of age 65 is
the last period)
(a) What percentage of salary should John invest in his 401K
account in order for him to have $2 million in the
account when he retires in 40 years?
(b) At the same contribution rate, if he retires in 35 years
instead, how many percent less money will John have?
(c) Instead of buying a nice car, he brought a used car for
$10,000, and saved the rest of signing bonus in a separate
investment account for retirement that pays 9.6% annual interest
(APR on a monthly base). If John wants to
have $2 million when he retires in 35 years, what percentage of
salary should John invest in his 401K account?
In: Finance
The company you are working for has decided to put on a banquet to raise money for a charity and must decide between two catering services to supply the food and servers. You have been assigned to the Banquet Planning Committee. Simplify completely.
Research Provided
The company's research department has provided the following estimates.
• A demand of 230 banquet attendees can be expected at a dinner plate price of $80.00 each. A demand of 370 banquet attendees can be expected at a dinner plate price of $45.00 each.
• Catering Service A has a fixed cost of $1,900 and a marginal cost of $30 for each plate.
• Catering Service B has a fixed cost of $3,000 and a marginal cost of $22 for each plate.
• Costs for both caterers include the food, drinks, plates, utensils, tablecloths, glasses, crew, and cleanup.
• Dinner plates will only be sold as an entire unit. To justify company resources and to ensure the event will benefit the charity, the CEO insists the tickets be sold for no less than $40. All profits will go toward a charity of the committee's choosing.
• Additional spontaneous donations to the charity will be accepted the night of the banquet. Studies estimate that 5% will give $5, 23% will give $20, 18% will give $50, 7% will give $100, and 2% will give $500.
Analysis
Each team should perform the following analyses:
1. Assume the price-demand function is linear. Use the research estimates to find the relationship between the price p, and the number of banquet attendees demanded, x. Find the relevant domain.
2. Find the revenue function, R(x), in terms of the number of banquet attendees x. Find the relevant domain by considering realistic limitations on the number of attendees and on price. Sketch a graph on the work page.
3. Assume the cost function is linear and use the research estimates to find the cost function for each of the two possible catering services in terms of the number of banquet attendees x. Sketch a graph on the work page.
4. Determine the break-even quantities for each of the two possible catering services.
5. Find the Profit function, P(x), for each of the two possible catering services in terms of the number of banquet attendees x.
6. If it is projected that there will be 100 tickets sold at a dinner price of $112.50, which catering service should the committee recommend in order to earn the most profit for the charity?
7. Decide which catering service your company should choose if the projections yield 200 attendees. Include the ticket price at this demand.
8. Find the average cost function for Catering Service A. Evaluate the average cost per attendee if 50 tickets are purchased. Evaluate the average cost per attendee if 400 tickets are purchased.
9. On average, how much can you expect to receive in spontaneous donations for each banquet attendee? (Determine the per person expected value (weighted average) of donations.) Which charity does the committee recommend for receipt of banquet donations?
10. Overall recommendations: Which catering service does your committee recommend in order to obtain the most profit for the charity? How many people should attend the banquet to earn that profit and what profit can be expected from the banquet ticket sales? What price would you recommend for each dinner plate (ticket)? What dollar amount is expected from spontaneous donations? What will be the expected total amount raised for the charity (including the dinner ticket profits and spontaneous donations)?
In: Math
A friend who lives in Los Angeles makes frequent consulting trips to Washington, D.C.; 50% of the time she travels on airline #1, 20% of the time on airline #2, and the remaining 30%of the time on airline #3. For airline #1, flights are late into D.C. 15% of the time and late into L.A. 10% of the time. For airline #2, these percentages are 40% and 30%, whereas for airline #3 the percentages are 35% and 20%. If we learn that on a particular trip she arrived late at exactly one of the two destinations, what are the posterior probabilities of having flown on airlines #1, #2, and #3? Assume that the chance of a late arrival in L.A. is unaffected by what happens on the flight to D.C. [Hint: From the tip of each first-generation branch on a tree diagram, draw three second-generation branches labeled, respectively, 0 late, 1 late, and 2 late.] (Round your answers to four decimal places.)
| airline #1 | ||
| airline #2 | ||
| airline #3 |
In: Math
A girl of mass, m = 40 kg has osteoporosis which weakens her bones. From a kneeling position, she topples forward onto her elbows with her upper arms extended vertically downwards on impact with the ground. In falling forward, her centre of mass lowers by a height, h = 50 cm and she absorbs all of her kinetic energy from her fall into her two humerus bones (one bone in each upper arm).
Determine an equation for the stress in each humerus bone, ?, in terms of m, h, the acceleration due to gravity, g, Young’s modulus for bone, Y, the cross sectional area of each humerus bone, A and the length of each humerus bone, l. State any laws used. Now, determine the minimum rupture strength required for the girl’s humerus bones such that she doesn’t break them, given in units of N/m2 . Take l = 20 cm, A = 3.0 cm2 and Y = 1.4 x10^10 N/m2 .
In: Physics
Let x be a random variable that represents the percentage of successful free throws a professional basketball player makes in a season. Let y be a random variable that represents the percentage of successful field goals a professional basketball player makes in a season. A random sample of n = 6 professional basketball players gave the following information.
| x | 67 | 64 | 75 | 86 | 73 | 73 |
| y | 44 | 39 | 48 | 51 | 44 | 51 |
(a) Find Σx, Σy, Σx2, Σy2, Σxy, and r. (Round r to three decimal places.)
| Σx = | |
| Σy = | |
| Σx2 = | |
| Σy2 = | |
| Σxy = | |
| r = |
(b) Use a 5% level of significance to test the claim that
ρ > 0. (Round your answers to two decimal places.)
| t = | |
| critical t = |
Conclusion
Reject the null hypothesis, there is sufficient evidence that ρ > 0.Reject the null hypothesis, there is insufficient evidence that ρ > 0. Fail to reject the null hypothesis, there is insufficient evidence that ρ > 0.Fail to reject the null hypothesis, there is sufficient evidence that ρ > 0.
(c) Find Se, a, b, and
x. (Round your answers to four decimal places.)
| Se = | |
| a = | |
| b = | |
| x = |
(d) Find the predicted percentage ŷ of successful field
goals for a player with x = 80% successful free throws.
(Round your answer to two decimal places.)
%
(e) Find a 90% confidence interval for y when x =
80. (Round your answers to one decimal place.)
| lower limit | % |
| upper limit | % |
(f) Use a 5% level of significance to test the claim that
β > 0. (Round your answers to two decimal places.)
| t = | |
| critical t = |
Conclusion
Reject the null hypothesis, there is sufficient evidence that β > 0.Reject the null hypothesis, there is insufficient evidence that β > 0. Fail to reject the null hypothesis, there is insufficient evidence that β > 0.Fail to reject the null hypothesis, there is sufficient evidence that β > 0.
In: Statistics and Probability
TRUE/FALSE.
1. In a repressible operon transcription is normally turned off.
2) A Monoybrid cross involves one gene and two or more different alleles.
3) Crossing over during meiosis occurs in the Metaphase II stage.
4) In prokaryotes, transcription and translation are separated in time and space.
5) Crossing over takes place in meiosis and is responsible for recombination.
6) Natural selection can lead to a decrease in genetic variation both within and between populations.
7) The pyrimidine bases in nucleic acids are adenine and guanine.
8) The poly(A) tails on mRNA molecules are transcribed from DNA templates.
9) Exons are degraded in the nucleus. 10) Most DNA binding motifs, such as leucine zippers, and Zinc fingers, have the binding the major groove of DNA. site in
In: Biology