In Problem C.10, if 10 percent of the firms are to exceed a certain profit, what is
Question:
Problem C.10
Profits (X) in an industry consisting of 100 firms are normally distributed with a mean value of $1.5 million and a standard deviation (s.d.) of $120,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Since PZ 128 is ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Econometric questions
-
If 40 percent of the mice used in an experiment will become very aggressive within 1 minute after having been administered an experimental drug, find the probability that exactly 6 of 15 mice that...
-
If 50 percent of the families in a certain city subscribe to the morning newspaper, 65 percent of the families subscribe to the afternoon newspaper, and 85 percent of the families subscribe to at...
-
In problem, graph each function. if x < 2 1 if x > 2 2 - f(x) =
-
Solve the problem. Jake Dowell has total fixed monthly expenses of $1367 and his gross monthly income is $3861. What is his debt-to-income ratio? Round to the nearest percent. ? 3% o 4% o 28% o 35%
-
The Donut Stop purchased land and a building for $ 2 million. To maximize the companys tax deduction for depreciation, management allocated only 10% of the purchase price to land and 90% of the...
-
Air enters a compressor at \(0.2 \mathrm{Mpa}\) and \(30^{\circ} \mathrm{C}\) having a volume of \(2 \mathrm{~m}^{3} / \mathrm{kg}\) is compressed to 1 Mpa isothermally. Calculate: (i) work down,...
-
What are the advantages and disadvantages of judgmental sampling?
-
Shown on the next page are comparative income statements for McDonald's for 2005, 2006, and 2007. 1. There are two kinds of McDonald's restaurants'restaurants that McDonald's itself owns and...
-
One of your friends owns a berry farm in South Florida. Her farm's short-run production function is 50 E0.7 and the marginal product of employment is 35 E-0.3, where E is the number of labor employed...
-
A publisher faces the following demand schedule for the next novel from one of its popular authors: Price Quantity Demanded $100......... 0 novels 90......... 100,000 80......... 200,000 70............
-
Profits (X) in an industry consisting of 100 firms are normally distributed with a mean value of $1.5 million and a standard deviation (s.d.) of $120,000. Calculate a. P(X < $1 million) b. P($800,000...
-
The grade-point average in an econometrics examination was normally distributed with a mean of 75. In a sample of 10 percent of students it was found that the grade-point average was greater than 80....
-
What is Coach's strategy to compete in the handbag and leather accessories industry? Has the company's competitive strategy yielded a sustainable competitive advantage? If so, has that advantage...
-
If there are 445,902 households tuned to "American Idol" on WLS in New Orleans, and there are 3,400,000 households in the market equipped with television, and 675,000 sets in use, what is its...
-
Mimosa Inc. has total assets of $6,340,000 at the beginning of the year and $4,969,000 at the end of the year. If its net income during the year is $499,500, what is Mimosa's return on assets for the...
-
Hunter (a 37% taxpayer) and Nan (a 25% taxpayer) form a partnership. Hunter contributes $16640 cash as partnership capital and receives 80% partnership interest. Nan contributes cash $4160 as...
-
If lawyer Sophia had spent 14 hours on client 360, what would be her direct professional labour cost for the client 360? Sophia's hourly wage is $50.
-
You paid $135,000 for a lot seven years ago. What is its current value if it has appreciated at the rate of 2% per annum? Show your calculations.
-
The histogram shows the carbohydrate content of 77 breakfast cereals (in grams). a) Describe this distribution. b) If you can, open the data set and identify the cereals with the highest carbohydrate...
-
KD Insurance Company specializes in term life insurance contracts. Cash collection experience shows that 20 percent of billed premiums are collected in the month before they are due, 60 percent are...
-
Let A be the set of Problem 1-18. If T = i = 1 (bi ai)
-
Let f: [a, b] be an increasing function. Show that {x: f is discontinuous at x} is a set of measure 0.
-
a. Show that the set of all rectangles [a1, b1] x . x [an, bn] where each ai and each bi are rational can be arranged into a sequence (i.e. form a countable set). b. If A C Rn is any set and O is an...
-
Identify one type of business and describe that business and it's lending needs. Then describe what their potential lending needs may? Manufacturing Retail Wholesale Service Construction
-
Many investors believe the slope of yield curve is a leading economic indicator. Do you agree? Why? https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics?
-
Analyze the process for monitoring claims data for detecting potential fraud and abuse and describe how it is a crucial financial management process?
Study smarter with the SolutionInn App