Determine the p-value associated with each of the following values of the standardized test statistic z, and state your conclusion
a. two-tail test, with z = 1.50, and ? = .10
b. one-tail test, with z = 1.05, and ? = .05
c. one-tail test, with z = -2.40, and ? = .01
a. 0.1336, fail to reject H0
b. 0.1469, fail to reject H0
c. 0.0082, reject H0
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How are the justices of the U.S. Supreme Court appointed?
A. They are nominated by the President and confirmed by the Senate. B. They are appointed by the President of the United States. C. They are nominated and confirmed by the chief justice of the Supreme Court. D. They are nominated by the associate justices and confirmed by the chief justice.
Ratzo is asked to be a witness to Sade's will. Before attesting to the will,
A. Ratzo does not have to read the will or be informed of its contents. B. Ratzo must read the will and recite its contents. C. Sade must orally tell Ratzo of the will's contents. D. Sade's attorney must read the will aloud to Ratzo.
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitment fee of 0.5% of the unused balance of the loan commitment. On the used portion of the revolver, it paid 1.5% above prime for the funds actually borrowed on a simple interest basis. The prime rate was 3.25% during the year. If the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver?
A. $285,000 B. $300,000 C. $315,000 D. $330,750 E. $347,288
The liquidity premium theory of the term structure
A) indicates that today's long-term interest rate equals the average of short-term interest rates that people expect to occur over the life of the long-term bond. B) assumes that bonds of different maturities are perfect substitutes. C) suggests that markets for bonds of different maturities are completely separate because people have different preferences. D) does none of the above.