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Rus_ich [418]
1 year ago
7

From a Group of 8 People, Including George and Nina, 3 people are to be selected at random to work on a certain project. What is

the probability that 3 people selected will include George but not NinaA 5/56B 9/56C 15/56D 21/56E 25/56
Business
1 answer:
baherus [9]1 year ago
4 0

Answer:  C. \dfrac{15}{56}

Explanation:

Given : Total people = 8

Number of people are to be selected  = 3

The number of combinations of r things taken out of n things is given by :-

^nC_r=\dfrac{n!}{r!(n-r)!}

The total number of ways to select 3 people out of 8 is given by :-

^8C_3=\dfrac{8!}{3!(8-3)!}\\\\=\dfrac{8\times7\times6\times5!}{3!\times5!}=\dfrac{8\times7\times6}{3\times2\times1}=56

If George is included , then one person is confirmed, so we need to selec only 2 people out of 7.

Also, Nina is not selected , so the total number of people left= 6

The total number of ways to select 2 people out of 6 that will include George but not Nina is given by :-

^6C_2=\dfrac{6!}{2!(6-2)!}\\\\=\dfrac{6\times5\times4!}{2!\times4!}=\dfrac{30}{2}=15

i.e. No. of favorable outcomes= 15

Now, the probability that 3 people selected will include George but not Nina :-

\dfrac{\text{Favorable outcomes}}{\text{Total outcomes}}\\\\=\dfrac{15}{56}

Hence, the required probability = C. \dfrac{15}{56}

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Wanda is at work, on the clock, and is working on her private commercial business. She receives a reprimand from her supervisor.
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11. Bob Johnson established a Section 529 Savings Plan for his son Robert several years ago. It is now time to pay Robert's firs
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8 0
1 year ago
The builder of a new movie theater complex is trying to decide how many screens she wants. Below are her estimates of the number
DochEvi [55]

Answer:

<u>Part (a):</u>

Make a table showing the value of the marginal product for each screen from the first through the fifth:

<u>Solution: </u>

The answer is attached.

<u>Part (b):</u>  

How many screens will be built if the real interest rate is 5.5 percent?

<u>Answer:</u> 3 screens

<u>Part (c): </u>

How many screens will be built if the real interest rate is 7.5 percent?

<u>Answer:</u> 1 screen

<u>Part (d):</u>

How many screens will be built if the real interest rate is 10 percent?

<u>Answer:</u> 0 screens

<u>Part (e): </u>

If the real interest rate is 5.5 percent, how far would construction costs have to fall before the builder would be willing to build a five-screen complex?

<u>Answer:</u> $727,272.73(approx.)

Explanation:

Part (a):

Make a table showing the value of the marginal product for each screen from the first through the fifth:

Solution:

The solution is attached with working.

<u>Part (b):</u>

<u>How many screens will be built if the real interest rate is 5.5 percent?</u>

<u>Solution:</u>

3 screens

The interest cost of each screen = 5.5% x $1,000,000 = $55,000.

There are no other costs mentioned. The value of marginal product exceeds $55,000 for 3 screens.

Therefore, 3 screens should be built.

<u>Part (c): </u>

<u>How many screens will be built if the real interest rate is 7.5 percent?</u>

<u>Solution:</u>

1 screen

The value of the marginal product exceeds the interest cost (7.5% of $1,000,000, or $75,000) for only the first screen.

Thus, <u>one</u> screen will be built.

<u>Part (d):</u>

<u>How many screens will be built if the real interest rate is 10 percent?</u>

<u>Solution:</u>

0 screens

At 10% interest, the interest cost of a screen is $100,000, more than the value of the marginal product of even the first screen.

<u> </u>Thus, no screens will be built.

Part (e):

<u>If the real interest rate is 5.5 percent, how far would construction costs have to fall before the builder would be willing to build a five-screen complex?</u>

<u>Solution:</u>

The value of the marginal product of the fifth screen is $40,000. At an interest rate of 5.5%, building five screens is profitable only if 5.5% times the per-screen construction cost is no greater than $40,000.

<u>Financial cost per screen = real interest rate x construction cost of per screen </u>

$40, 000 = 5.5% x construction cost per screen Construction cost per screen  = $40,000 ÷ 5.5%

= $727,272.73(approx.)

<u></u>

3 0
1 year ago
A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 43.37 - 2 48.35 $ .60 3 57.27 .63 4 45.35 .
RideAnS [48]

Answer:

geometric mean return = 1.2%

arithmetic mean return = 1.21%

Explanation:

Year            Price            Dividend              Yearly return

1                  $43.37                 -                            0

2                 $48.35            $0.60                      1.24%

3                 $57.27            $0.63                       1.1%

4                 $45.35            $0.80                       1.76%

5                 $52.27            $0.85                       1.63%

6                  $61.35            $0.93                       1.52%

geometric mean return = [(1 + 0) x (1 + 0.0124) x (1 + 0.011) x (1 + 0.0176) x (1 + 0.0163) x (1 + 0.0152)]¹/⁶ - 1 = 1.012 - 1 = 0.012 = 1.2%

arithmetic mean return = (0% + 1.24% + 1.1% + 1.76% + 1.63% + 1.52%) / 6 = 7.25% / 6 = 1.21%

6 0
1 year ago
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