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Natasha_Volkova [10]
2 years ago
7

Suppose 30% of a club are above 25 years old (M), 50% are between 21 and 25 (W) and 20% are below 21 (L). If all are exposed to

a virus but only 65% of M, 82% of W and 50% of L get the virus. We select a person at random and he/she has the virus. What is the probability he/she is aged between 21 and 25?
Business
1 answer:
valina [46]2 years ago
8 0

Answer:

The probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.

Explanation:

let A be the event that the selected person has a virus.

let B1, B2 and B3 be the events that the selected perosn is  M, W and L accordingly.

the probabilities are given by:

P(B1) = 0.3

P(B2) = 0.5

P(B3) = 0.2

P(A|B1) = 0.65

P(A|B2) = 0.82

P(A|B3) =  0.5

probability of having virus and aged between 21 and 25 is given by:

[P(B2)*P(A|B2)]/[P(B1)*P(A|B1) + P(B2)*P(A|B2) + P(B3)*P(A|B3)]

= [(0.5)*(0.82)]/[(0.3)*(0.65) + (0.5)*(0.82) + (0.2)*(0.5)]

= 0.58

Therefore, the probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.

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A corporation’s articles of incorporation can be changed relatively easily. True False
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Answer:

False

Explanation:

Nothing is ever easy

7 0
2 years ago
Galvatron Metals has a bond outstanding with a coupon rate of 6.3 percent and semiannual payments. The bond currently sells for
monitta

Answer:

4.09%

Explanation:

For computing the after cost of debt we have to applied the RATE formula i.e to be shown in the attachment below:

Given that,  

Present value = $1,919

Future value or Face value = $2,000  

PMT = 2,000 × 6.3% ÷ 2 = $63

NPER = 17 years × 2 = 34 years

The formula is shown below:  

= Rate(NPER,PMT,-PV,FV,type)  

The present value come in negative  

So, after applying the above formula,

1. The pretax cost of debt is 3.35% × 2 = 6.70%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 6.70% × ( 1 - 0.39)

= 4.09%

5 0
2 years ago
Emery mining inc. recently reported $170,000 of sales, $75,500 of operating costs other than depreciation, and $10,200 of deprec
jonny [76]
<span>Net Income After Tax = Net Income Before Tax - Tax Net Income Before Tax = 170,000-75,500-10,200+(16,500*0.0725)=85,496.25 Tax = 0.35*Net Income Before Tax=0.35*85,496.25= 29,923.69 Net Income After Tax = 85,496.25- 29,923.69 = 55,572.56</span>
5 0
2 years ago
CatNap Company has two products: Kittyz and Katz. A March sales forecast projects 20,000 units of Kittyz and 15,000 units of Kat
Brut [27]

Answer:

The total March sales that Kittyz anticipated is $100,000.

Explanation:

The details of beginning and ending inventory are irrelevant for sales; they are relevant only for production quantity.

total March sales for Kittyz anticipated = 20000*$5

                                                                 = $100,000

Therefore, The total March sales that Kittyz anticipated is $100,000.

8 0
2 years ago
Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates it's fixed cost to be 550.00 and i
Citrus2011 [14]

Answer:

a. Breakeven in units is 2200 units

b. Break even in  dollars is $1650

c. The answer is A. make a loss

Explanation:

a.

The breakeven points in units is the point or number of units where the total revenue equals total cost and there is no profit or no loss. Below the breakeven quantity, the firm is operating at a loss and above it, it is operating at a profit.

The break even point in unit can be calculated by dividing the fixed costs by the contribution per unit. The formula for break even point in units is:

Breakeven in units = Fixed Costs / contribution per unit

Contribtuion per unit = Selling price per unit - Variable cost per unit

Break even in units = 550 / (0.75 - 0.5)   = 2200 units/scissors

b.

The break even point in dollars is the value of sales at which the company will breakeven and will make no profit and no loss. The break even point in dollars can be calculated by multiplying the break even point in units by the selling price per unit. Alternatively, it can also be calculated by dividing the fixed costs by contribution margin ratio.

Contribution margin ratio = (Selling price - variable cost) / selling price

CM ratio = (0.75 - 0.5) / 0.75 = 0.3333 or 33.33%

Breakeven in dollars = 2200 * 0.75 = $1650

or

Break even in dollars = 550 / ((0.75-0.5) / 0.75)   = $1650

c.

As 600 units is less than the breakeven number of units (2200 units) , it will make a loss.

5 0
2 years ago
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