Albert finally found a buyer for his five-plex and closing is set for August 8th. At closing, four of Albert's tenants have alre
2 answers:
Answer:
Credit the buyer $2,931, debit the seller $2,931.
Step-by-step explanation:
Consider the provided information.
At closing, four of Albert's tenants have already paid their $987.50 monthly rent and one of the units remains unoccupied.
There are 31 days in August.
The closing is set for August 8th.
31-8 = 23 days
Therefore, the rent proration will be:
Hence, Credit the buyer $2,931, debit the seller $2,931.
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Answer:
a) P = 0.039
b) The expected number of days is 10 days.
Step-by-step explanation:
The most appropiate distribution to use in this case is the geometric distribution, in order to calculate the probability of a success after k failure trials.
The probability of success, as each of the 10 products are assumed to have fair probabilities, is:
Then, the probability that our product is not selected any given day is:
a) The probability that exactly this product is selected exactly 10 days from now is the probability that is not selected (probbility q) for the next 9 days and selected (probability p) at the 10th day:
b) The expected number of days is calculated as:
Answer:
a
The Null hypothesis represented as
The Alternative hypothesis represented as
b
p-value = P(Z < -3.37 ) = 0.000376
c
There is insufficient evidence to conclude that graduate students score higher, on average, on the HPI than undergraduate students
Step-by-step explanation:
From the question we are told that
The population size is
The sample size for graduates is
The sample mean for graduates is
The sample standard deviation for graduates is
The sample size for under-graduates is
The sample mean for under-graduates is
The sample standard deviation for graduates is
The Null hypothesis represented as
The Alternative hypothesis represented as
Where are the population mean
Now the test statistic is mathematically represented as
substituting values
The p-values is mathematically evaluated as
p-value = P(Z < -3.37 ) = 0.000376
The above answer is gotten using a p-value calculator at (0.05) level of significance
Looking the p-value we see that it is less than the level of significance (0.05) so Null hypothesis is rejected
Hence there is insufficient evidence to conclude that graduate students score higher, on average, on the HPI than undergraduate students