A business executive, transferred from Chicago to Atlanta, needs to sell her house in Chicago quickly. The executive's employer has offered to buy the house for 212,000, but the offer expires at the end of the week. The executive does not currently have a better offer but can afford to leave the house on the market for another month. From conversations with her realtor, the executive believes the price she will get by leaving the house on the market for another month is uniformly distributed between $200,000 and 230,000. (a) If she leaves the house on the market for another month, what is the mathematical expression for the probability density function of the sales price? Let x = sales price. (b) If she leaves it on the market for another month, what is the probability she will get at least $224,000 for the house? (c) If she leaves it on the market for another month, what is the probability she will get less than $212,000? (d) Should the executive leave the house on the market for another month? Why or why not?

Q: Jeff Heun, president of Sheridan Always, agrees to construct a concrete cart path at Dakota Golf…

A: Actual contract amount : $183000Completion on time amount :$38,800every week late the performance…

Q: The current price of a certain stock is £32, and a 3-month European call option with a strike of £33…

A: Available funds for Investment =£6,400   Current Price of Stock=£32   No.of sharespurchased = =…

Q: A building constructor has a contract which will expire in 50 days. He has 80 men on the job and can…

A: Given:Contract duration: Current number of men: Time taken to complete the job with men: Wages:…

Q: Your son has just gotten his driver's license and your bank account is about to get a little (a…

A: This is a good exercise to understand how to simulate (a) Binomial and (b) Normal distributions. The…

Q: Amelia wants to start a side business as a hair stylist and needs $3,000 to purchase tools and…

A: Amount available to service monthly payment is: =Total income-Total expenses =$1700-$800-$120-$600…

Q: In 2020 the hourly minimum wage for a city of Norwalk worker was $11.75. Suppose every year it is…

A:

Q: John's annual gross income is $87,600, but FICA is deducted from his paycheck, and 23% of his salary…

A: given annual gross income of John's =$87,00023% of this income will be=87000100x23=$20010therefore…

Q: Each Tuesday, Ryan Airlines reduces its one-way ticket from Fort Wayne to Chicago from $125 to $25.…

A: Given that Original price of the ticket is $125. Reduction in original price is $25. Passenger…

Q: Sharon's rent is $800 per month. Since she could not pay this month's rent when due, her landlord…

A:

Q: Erica is considering moving into a one-bedroom apartment in Hyde Park. The apartment has a rent of…

A:

Q: he purchase of a $75,000 machine would result in labour cost savings of $25,000 in Year 1, $30,000…

A:

Q: You are a public relations advisor for local firefighters who are threatening to strike on the…

A: From the given information we find the correct solution.

Q: Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an…

A:

Q: Retailers often raise the price of their products at a certain percentage and then mark them down at…

A:

Q: The POS requires that the employee pay $43.01 per month to supplement the cost of the program with…

A: To calculate Ronald's annual medical costs under the Point of Service (POS) plan, the following…

Q: Gund is a company producing plush stuffed animals, based in New Jersey, United States. It has…

A:

Q: You need to take out a loan of $20,000 to start up your T-shirt business. You have two…

A: We know the formula for future value of annuities, PMT=PVi1-1+i-n. Here i=interest rate per…

Q: (a) Using the estimate for the entire industry, what is the expected number of defectives among the…

A:

Q: Your banker has analyzed your company account and has suggested that her bank has a cash management…

A: We have to determine whether  this package worth it. If so, by how much.

Q: Digitalis is a technology company that makes high-end computer processors. Their newest processor,…

A: The processor is to be sold for $3300, making a profit of $429.

Q: Español Medical researchers interested in determining the relative effectiveness of two different…

A: Given : Claim : The mean number of days before remission after treatment 1 differs from the mean…

Q: Maude worked as a Software Developer for Microsoft for 3 internships. She was just hired full-time…

A: Given,   Maude worked as a Software Developer for Microsoft for 3 internships. She was just hired…

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.