The life expectancy of a particular brand of tire is normally distributed with a mean of 40,000 and a standard deviation of 5,000 miles. What is the probability that a randomly selected tire will have a life of exactly 47,500 miles?
a. 0.0000
b. 0.9332
c. 0.0668
d. 0.4993
A
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When a mortgagor cannot make the payments for his or her mortgage, the mortgagee will seek a ________
A) garnishment order of the court for the mortgagor's wages B) court-ordered sale of the mortgaged property C) mechanic's lien on the mortgaged property D) loan guarantee from the mortgagor
A design defect may result from the manufacturer's choice of the product's materials
a. True b. False Indicate whether the statement is true or false
Which of the following statements is CORRECT?
A. The use of debt financing will tend to lower the basic earning power ratio, other things held constant. B. A firm that employs financial leverage will have a higher equity multiplier than an otherwise identical firm that has no debt in its capital structure. C. If two firms have identical sales, interest rates paid, operating costs, and assets, but differ in the way they are financed, the firm with less debt will generally have the higher expected ROE. D. The numerator used in the TIE ratio is earnings before taxes (EBT). EBT is used because interest is paid with post-tax dollars, so the firm's ability to pay current interest is affected by taxes. E. Other things held constant, increasing the total debt to total capital ratio will increase the ROA.
Because negotiable instruments are more valuable than non-negotiable ones, it is important for buyers and sellers to be able to tell, easily and accurately, if an instrument is indeed negotiable. What six standards must an instrument meet in order for it to be negotiable?