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never [62]
2 years ago
11

From the set $\{1, 2, 3, \dots, 20\},$ ten numbers are chosen at random, forming a subset. Let $M$ be the largest element among

the ten numbers. Find the expected value of $M.$
Business
1 answer:
Marysya12 [62]2 years ago
6 0

The largest element can be as small as 10, which happens when the subset is {1, 2, ..., 10}.  The probability of choosing this subset is (1/2)^10 = 1/1024.  (Every element from 1 to 10 can either be in the subset, or not.)

The largest element can also be 11.  All the numbers in the subset must be from 1 to 10, and we must choose 1 to leave out, so the probability that the largest element is 11 is C(10,1)*1/1024.

The largest element can also be 12.  All the numbers in the subset must be from 1 to 11, and we must choose 2 to leave out, so the probability that the largest element is 12 is C(11,2)*1/1024.

We can do the other cases similarly:

Largest element is 13 -> C(12,3)*1/1024

Largest element is 14 -> C(13,4)*1/1024

Largest element is 15 -> C(14,5)*1/1024

Largest element is 16 -> C(15,6)*1/1024

Largest element is 17 -> C(16,7)*1/1024

Largest element is 18 -> C(17,8)*1/1024

Largest element is 19 -> C(18,9)*1/1024

Largest element is 20 -> C(19,10)*1/1024

Adding these up, we get (1 + C(10,1) + C(11,2) + ... + C(19,10))*1/1024.  Since 1 = C(9,0), we also get (C(9,0) + C(10,1) + C(11,2) + ... + C(19,10))*1/1024.

By the Hockey Stick Identity, C(9,0) + C(10,1) + C(11,2) + ... + C(19,10) = C(20,10), so the expected value of the largest element is 1/11*C(20,10)*1/1024 = 4199/256.

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Scorpion4ik [409]

Answer:

so cost of capital =  9.9 %

correct option is a 9.9%

Explanation:

given data

capital structure = 40%

common equity = 60%

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pretax cost = 10%

market price = $59

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common stock dividend = $3.15

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to find out

cost of capital if the firm uses bank loans and retained earnings

solution

cost of retained earning = \frac{dividend* ( 1+growth rate )}{stock price} + growth rate       ........................1

cost of retained earning = \frac{3.15 * ( 1+0.07)}{59} + 0.07

cost of retained earning =0.1271271186

and

cost of capital will be

cost of capital = weight for debit × ( cost of debit  × ( 1 - tax rate ) ) + weight for common stock × cost of common stock

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yaroslaw [1]

Answer:2,3,4,5

is the answer, just took the assignment

Explanation:

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Answer:

Check the explanation

Explanation:

a)

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Year 1 =$150000

Subsequent years= $0

b) In US GAAP the past service cost is recorded in Accumulated other comprehensive income in the year of amendment. It is amortized over the future working life of the participants.

Year 1 is year of adoption hence $0 is amortized because $150000 is included in Accumulated other comprehensive income.

Subsequent years: (150000/10=15000) $15000 will be amortized for each year for 10 years.

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