Answered: Q17. A single share of a stock was… | bartleby

Intermediate Algebra

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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Q17. A single share of a stock was purchased prior to the company's release of its
quarterly report. There is a 58% chance that the company will meet the quarterly
sales expectations for its new product two weeks from now, and the value of the
stock will go to $440. Otherwise, the company will not meet the quarterly sales
expectations, and the value of the stock will go down to $100. What is the expected
value of the stock two weeks from now? (Round to the nearest dollar. Do not enter $
sign.)

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Morning House is a mail-order firm which carries a wide range of rather expensive art objects for homes and offices. It operate problems would be greatly reduced. Since it takes approximately six weeks to receive 90% of the response to a given campaign, an accurate prediction of total sales made as late as the end of the first week of receiving orders would be useful. The first week’s sales and total sales of the last 12 campaigns of the firm are shown below. Can the first week’s sales be used to predict total sales? First week’s Total Campaign Sales Sales 1 32 167 2 20 91 3 114 560 4 66 335 5 18 70 6 125 650 7 83 401 8 65 320 9 94 470 10 5 15 11 39 210 12 50 265 --------------------------------------------
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According to a high-profile realtor, houses in the sleepy town of Sun Beach have shown higher appreciation over the past three years than have houses in the bustling town of North Arden. To test the realtor's claim, an economist has found fourteen recently sold homes in Sun Beach and fourteen recently sold homes in North Arden that were owned for exactly three years. The following table gives the appreciation (expressed as a percentage increase) for each of the twenty- eight houses. Appreciation rates in percent Sun Beach 12.9, 8.4, 7.0, 11.9, 6.2,9.9, 13.9, 11.9, 11.3, 10.9, 13.4, 7.5, 11.0, 11.1 North Arden 13.4,9.8, 4.9, 8.6, 11.8,9.3,8.1, 7.8, 11.7, 12.2, 9.6, 7.1, 7.3, 8.6 Send data to calculator Send data to Excel Assume that the two populations of appreciation rates are normally distributed and that the population variances are equal. Can we conclude, at the 0.05 level of significance, that the mean appreciation rate of houses in Sun Beach, u, is higher than u, the mean…
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