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Formulate a four-state Markov chain which states 1,2,3, and 4 where 3= a part that was scrapped and 4= a part that was sold for a profit. Compute the probability a part is scrapped in the production
A teacher was interested in knowing how much tax people pay in the United States. She selected a simple random sample of her friends and asked them about their taxes. Is this sample likely to be rep
A retail establishment accepts either the American Express or the VISA credit card. A total of 24 percent of its customers carry an American Express card, 61 percent carry a VISA card, and 11 percen
The spinner contains 4 red panels, 5 yellow panels, a bankrupt panel, 7 blue panels and two free spin panels. Calculate the following probabilities:
Of the microprocessors manufactured by a certain process, 20% are defective. Five microprocessors are chosen at random. Assume they function independently.
Describe the sample space. Repeat when the second marble is drawn without replacing the first marble.
Write a sentence demonstrating how a researcher report would represent the results of the hypothesis test and the measure of the effect size
A report says that "the median credit card debt of American households is zero." We know that many households have large amounts of credit card debt. Explain how the median debt can nonetheless be z
Let Y1, Y2,.....Yn be independent, uniformly distributed random variables on the interval [0, beta]. Find the probability distribution function of Y(n)=max(Y1,Y2,....Yn)
The traffic that makes a left turn at an intersection consists of two types of vehicles, types A and B. A type A vehicle is twice the length of type B. The left-turn lane can accomodate eight vehicl
What is the probability that a simple random sample of 40 male graduates will provide a sample mean within $10,000 of the population mean, $168,000 (to 4 decimals)?
What is the reliability, the equivalent MTBF value, and the equivalent failure rate for a system that has a primary microprocessor circuit board and a secondary microprocessor circuit board that is
What is the system reliability for a light panel containing 12 light bulbs, and only requires 9 bulbs to be working for success (only 3 failures allowed). The reliability performance of the bulbs is
Simkins Renovations Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the WACC (and even negative), in which
If a company uses the same payback requirement to evaluate all projects, say it requires a payback of 4 years or less, then the company will tend to reject projects with relatively short lives and a
One defect of the IRR method is that it does not take account of cash flows over a project's full life. One defect of the IRR method is that it does not take account of the time value of money.
You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6.50%, the yield on the preferre
Much discussion has taken place concerning possible health hazards from exposure to anesthetic gases. In one study 525 Michigan nurse anesthetists were surveyed by mail questionnaires and telephone
If the firm's tax rate is 40%, what is the component cost of debt for use in the WACC calculation?
Suppose a clinical trial is conducted to test the efficacy of a new drug, spectinomycin, for treating gonorrhea in females. Forty-six patients are given a 4-g daily does of the drug and are seen one
If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. What is the company's cost of preferred stock for use in calculating the W
The MacMillen Company has equal amounts of low-risk, average-risk, and high-risk projects. The firm's overall WACC is 12%.
Suppose we want to estimate the concentration (ug/mL) of a specific does of ampicillin in the urine after various periods of time. We recruit 25 volunteers who have received ampicillin and find they
Expected inflation increases. The flotation costs associated with issuing preferred stock increase.