You are given the following information obtained from a random sample of 5 observations taken from a large population. 32 34 32 30 32 Construct a 95% confidence interval for the mean of the population, assuming the population has a normal distribution
30.24 to 33.76
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Indicate whether the statement is true or false
The interest rate used to find the present value of a future cash flow is the
a. prime rate. b. discount rate. c. cutoff rate. d. internal rate of return.
According to Mintzberg's managerial roles, the ________ roles are ones that involve people and other duties that are ceremonial and symbolic in nature.
A. informational B. interpersonal C. technical D. decisional
You are negotiating to make a 7-year loan of $37,500 to Breck Inc. To repay you, Breck will pay $2,500 at the end of Year 1, $5,000 at the end of Year 2, and $7,500 at the end of Year 3, plus a fixed but currently unspecified cash flow, X, at the end of each year from Year 4 through Year 7. Breck is essentially riskless, so you are confident the payments will be made. You regard 8% as an appropriate rate of return on a low risk but illiquid 7-year loan. What cash flow must the investment provide at the end of each of the final 4 years, that is, what is X?
A. $9,487.32 B. $8,348.84 C. $9,012.95 D. $9,202.70 E. $7,684.73