What would be your preferred measure of central tendency if you had the following data: $32,400; $42,500; $47,250; $49,570; $145,850?

a.Mean
b.Median
c.Mode
d.Weighted mean


ANS:B

Business

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Suppose you are buying your first home for $145,000, and you have $15,000 for your down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?

A. $741.57 B. $780.60 C. $821.69 D. $862.77 E. $905.91

Business

A company paid a cash dividend of $0.88 per share during the current year, and reported 18,000 shares of common stock issued, and 2,000 common shares in treasury stock during the current year. The year-end market price per share was $27.50. Calculate the following: (1) total amount of cash dividends paid to common shareholders, and (2) dividend yield.

What will be an ideal response?

Business

Customers who belong to the same iso-profit line group can generate the same expected revenues

a. True b. False

Business

In newly instituted strategic workforce-planning (SWP) systems, evaluation is likely to be more quantitative than qualitative, with more emphasis placed on control.

Answer the following statement true (T) or false (F)

Business