Please explain in detail I do not understand how the answer came about The checking accounts of Sun Bank are categorized by the age of account and the accountbalance. Auditors will select accounts at random from the following 1000 accounts (numbers in the table are the number of accounts in each category):Problems 55Account BalanceAge of the Account 0–$499 $500–$999 $1000 or MoreLess than 2 years 120 240 902 years or more 75 275 200f. What is the probability that an account is at least 2 years old given that the balance is$500–$999?

Please explain in detail I do not understand how the answer came about The checking accounts of Sun Bank are categorized by the age of account and the accountbalance. Auditors will select accounts at random from the following 1000 accounts (numbers in the table are the number of accounts in each category):Problems 55Account BalanceAge of the Account 0–$499 $500–$999 $1000 or MoreLess than 2 years 120 240 902 years or more 75 275 200f. What is the probability that an account is at least 2 years old given that the balance is$500–$999?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter12: Money And Banking

Section: Chapter Questions

Problem 10E

See similar textbooks

Similar questions

Lewis’s management has been considering movingto a new downtown location, and they are concerned that these plans may come to fruition priorto the equipment lease’s expiration. If the moveoccurs then Lewis would buy or lease an entirelynew set of equipment, so management wouldlike to include a cancellation clause in the leasecontract. What effect would such a clause haveon the riskiness of the lease from Lewis’s standpoint? From the lessor’s standpoint? If you werethe lessor, would you insist on changing any ofthe other lease terms if a cancellation clause wereadded? Should the cancellation clause containprovisions similar to call premiums or any restrictive covenants and/or penalties of the type contained in bond indentures? Explain your answer.
Erin's investment account changed by -17% of its value. After this change, the account's value was $13,790. What was its value before this change?
You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund started the quarter on January 1 with a balance of $100 million. Mighty Fine Mutual Pund Monthly Data (measured at end of month) February -4.3 6.20 March January 5.5 Net inflows ($ million) HPR () -4.30 1.80 Required: a. Calculate the quarterly arithmetic average return on the fund. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Arithmetic average 1.23 % b. Calculate the quarterly geometric (time-weighted) average return on the fund. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Geometric average 1.14 % c. Calculate the quarterly dollar-weighted average return on the fund. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dollar-weighted average return
please answer within 30 minutes. its urgent.
Typed plzzz and Asap Thanks
User passwords for the mainframe at a finance firm consists of five letters followed by two numbers. How many different passwords are possible? a. 33,153,120,000 Ob. None of these Oc. 1,188,137,600 Od 657,800 e. 7,893,690
do it fast please
Find the present and future values of an income stream of 11000 dollars a year for 17 years. The interest rate is 9% compounded continuously. Round your answers to 2 decimal places. Part 1 The present value represents the amount of money you would have to deposit today in order to match what you would get from the income stream at the future date. The formula is Present Value = M S(t)e" dt. Future value represents the total amount of money you would have if you deposit the income stream until a future date. The formula is Future Value - Present Value* erM To start our problem we need to identify the variables. Time = M = i years Rate = r = i % Income Stream S(t) = i dollars/year
Show the complete solution and diagram. A bond with a par value of 1,000 and with a bond rate of 10% payable annually is sold now for 1,080. If the yield is to be 12%, how much should the redemption price be at the end of 8 years?
how you know what c value to look at
F4. The case of transaction exposure is described as follows. Choose the correct answer in the parenthesis in the description of the case. The choice is in bold letters. My company (a U.S. company) bought a product from a German co., and purchasing department signed a contract to pay Euro 10,000 3 month later. The sales contract is delivered to my desk. I, a treasurer, am wondering how much USD my co. needs to pay the bill of Euro 10,000 3 months from now. The currency market is in turmoil, I need to use more USD when USD (strengthens/ weakens) against EUR in the next 3 months. Market anticipates weak USD. However, if USD (strengthens/ weakens) more than market expects, I will need more USD to pay the bill EUR 10,000. Are there any possibility to limit my USD payment to a certain level, or at maximum. In that way, my USD payment will not get any higher even though USD slides more than the rate I can contract (buy EURO/sell EURO) now. How and what kind of contracts are available…
can you help me with this qustion An account was opened with $1,000 three years ago. Today, the account balance is $1,150.30. If theaccount earns simple interest, how long will it take until the account has earned a total of $501 ininterest?