Use the following information to answer the two questions below. State of Prob, of the the economy state of economy Boom Bust 0.30 0.70 Rate of return if state occurs Stock B 0.02 Stock A 0.20 -0.10 0.02 You MUST use 4 digits in every calculation you do in order for your answer to be the same as the one in the system. Enter answer using 4 decimals. Do not use or enter the %. For example, if your answer is 3.480 % enter 0.0350; if your answer is 013013 then enter 01201

Use the following information to answer the two questions below. State of Prob, of the the economy state of economy Boom Bust 0.30 0.70 Rate of return if state occurs Stock B 0.02 Stock A 0.20 -0.10 0.02 You MUST use 4 digits in every calculation you do in order for your answer to be the same as the one in the system. Enter answer using 4 decimals. Do not use or enter the %. For example, if your answer is 3.480 % enter 0.0350; if your answer is 013013 then enter 01201

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 21 On the average, the amount of money that a customer spends in the store is $40 with a standard deviation $1O. The probability that the total spending of 4 customers in the store is over $170 is closest to 0.1543 0.3085 0.2376 O 0.4013 not able to calculate
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