Consider the continuous random variable X, which has a uniform distribution over the interval from 20 to 28 . The probability that X will take on a value between 21 and 25 is
a. 0.125
b. 0.250
c. 0.500
d. 1.000
C
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Carmichael Cleaners needs a new steam finishing machine that costs $100,000. The company is evaluating whether it should lease or purchase the machine. The equipment falls into the MACRS 3-year class, and it would be used for 3 years and then sold, because the firm plans to move to a new facility at that time. The estimated value of the equipment after 3 years is $30,000. A maintenance contract on the equipment would cost $3,000 per year, payable at the beginning of each year. Alternatively, the firm could lease the equipment for 3 years for a lease payment of $29,000 per year, payable at the beginning of each year. The lease would include maintenance. Due to special circumstances, the firm is in the 20% tax bracket, and it could obtain a 3-year simple interest loan, interest payable at
the end of the year, to purchase the equipment at a before-tax cost of 10%. If there is a positive Net Advantage to Leasing the firm will lease the equipment. Otherwise, it will buy it. What is the NAL? (Note: Assume MACRS rates for Years 1 to 4 are 0.3333, 0.4445, 0.1481, and 0.0741.) A. $5,734 B. $6,023 C. $6,324 D. $6,640 E. $6,972
A competitor can lawfully discover a trade secret by performing reverse engineering.
Answer the following statement true (T) or false (F)
Physical structures say a lot about a culture.
Answer the following statement true (T) or false (F)
Indicate whether each of the following statements about liabilities is true or false.________ a) Expenses are reported on the balance sheet.________ b) The acquisition of a bank loan increases both assets and liabilities.________ c) The accounting equation requires that liabilities be equal to equity.________ d) The amount of a company's liabilities is equal to the difference between its assets and its equity.________ e) Liabilities are reported on the statement of cash flows of a business.
What will be an ideal response?