A. Kelly is shopping for a new car. She can afford a deposit of RM 5000 and quarterly payments of RM 2000. Bank A has offered to finance a loan at 8% per year compounded quarterly for 3 years. What is the most expensive car (in RM) Kelly can afford to buy? B. A company is committed to providing equal opportunities to all its employees regardless of their gender. A workplace program has been established to remove barriers to women advancing within the company. To assess the effectiveness of this program, workforce in key positions was analyzed with the following results: Type of positions Gender Management Skilled workers

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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 ( Please Answer max in 25 minutes as u know sub part A&B so please send thank u ) 

Question 3
A. Kelly is shopping for a new car. She can afford a deposit of RM 5000 and quarterly
payments of RM 2000. Bank A has offered to finance a loan at 8% per year
compounded quarterly for 3 years. What is the most expensive car (in RM) Kelly can
afford to buy?
B. A company is committed to providing equal opportunities to all its employees
regardless of their gender. A workplace program has been established to remove
barriers to women advancing within the company. To assess the effectiveness of this
program, workforce in key positions was analyzed with the following results:
Type of positions
Gender
Management
230
120
Skilled workers
165
115
Male
Female
a. Suppose that at the annual holiday party, an employee will be drawn randomly to win
a trip to Penang. What is the probability that the winner will be a female and in the
management position?
b. Given that a special bonus is awarded randomly to a skilled worker, what is the
probability that it will go to a male?
c. If 3 employees were randomly selected, what is the probability that the employees
were females skilled workers?
d. Test if there is any association between the type of position and gender at 1%
significance level?
Transcribed Image Text:Question 3 A. Kelly is shopping for a new car. She can afford a deposit of RM 5000 and quarterly payments of RM 2000. Bank A has offered to finance a loan at 8% per year compounded quarterly for 3 years. What is the most expensive car (in RM) Kelly can afford to buy? B. A company is committed to providing equal opportunities to all its employees regardless of their gender. A workplace program has been established to remove barriers to women advancing within the company. To assess the effectiveness of this program, workforce in key positions was analyzed with the following results: Type of positions Gender Management 230 120 Skilled workers 165 115 Male Female a. Suppose that at the annual holiday party, an employee will be drawn randomly to win a trip to Penang. What is the probability that the winner will be a female and in the management position? b. Given that a special bonus is awarded randomly to a skilled worker, what is the probability that it will go to a male? c. If 3 employees were randomly selected, what is the probability that the employees were females skilled workers? d. Test if there is any association between the type of position and gender at 1% significance level?
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