What is the standard deviation of that starting salary

Assignment Help Financial Management
Reference no: EM131326978

You have chosen biology as your college major because you would like to be a medical doctor. However, you find that the probability of being accepted to medical school is about 16 percent. If you are accepted to medical school, then your starting salary when you graduate will be $269,000 per year. However, if you are not accepted, then you would choose to work in a zoo, where you will earn $46,000 per year. Without considering the additional years you would spend in school if you study medicine or the time value of money.

A) What is your expected starting salary? (Round answer to 0 decimal places, e.g. 5,275.)

B) What is the standard deviation of that starting salary? (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM131326978

Questions Cloud

How would you go through the process of creating : How would you go through the process of creating a development plan to work on the areas that need improvement?
Analyzing the stock of certain company : Your analyzing the stock of a certain company. The most recent dividend paid was $9 dollars per share. The company's discount rate is 7%, and the firm is expected to grow at 4% per year forever. What should be the stock price today?
Provide analysis of m and rs implementation of the scorecard : Provide a critical analysis of M&R's implementation of the balanced scorecard, including an identification of the strengths and weaknesses of the program.
Compose an email to the existing customers : Post the response.- Compose an email to the existing customers of our high-tech startup company based on these meeting notes.
What is the standard deviation of that starting salary : You have chosen biology as your college major because you would like to be a medical doctor. However, you find that the probability of being accepted to medical school is about 16 percent. What is the standard deviation of that starting salary? What ..
Find the resulting ratio of signal to quantization noise : Digital Communication (ELEC 20004) Assignment. If the audio signal has average power of 0.1 W and peak voltage of 1 V. Find the resulting ratio of signal to quantization noise (SQNR) of the uniform quantizer output in part (i)
Fixed wireless broadband internet access : Fixed wireless broadband internet access - Theard point write it in small paragraphs
Illustrate piece of circular flow model of economic activity : ECO 561- Discuss the ways in which your purchase illustrates one piece of the circular flow model of economic activity. What are the other parts?
What are the cash flows for the project : A proposed investment has an equipment cost of $800. It will have a life of 3 years. The cost will be depreciated straight-line to a zero salvage value, but will have a market worth $463 at the end of the project's life. Cash sales will be $1, 690 pe..

Reviews

Write a Review

 

Financial Management Questions & Answers

  The trust fund earns a five percent rate of return

Arnold Ziffle established a trust fund that provides $75,000 in scholarships each year for worthy students. The trust fund earns a 5 percent rate of return. How much money did Ziffle contribute to the fund assuming that only the interest income is di..

  Compute the specified quantity

You are expecting a tax refund of $5,000 in 4 weeks. A tax preparer offers you an "interest-free" loan of $5,000 for a fee of $50 to be repaid by your refund check when it arrives in 4 weeks. Thinking of the fee as interest, what simple interest rate..

  Explain how bonds and stocks are similar

Explain how bonds and stocks are similar. Explain how bonds and stocks are different. Explain how bonds are valued. From the information obtained through your research which investment would work the best for you: bonds or stocks? Explain

  What is the expected return on the portfolio

What is the expected return on the portfolio?

  Find an upper bound for the one year forward price

Find an upper bound for the one-year forward price for the house. State any assumptions you are making. - Can you establish a lower bound on the one-year forward price?

  Compute the fair value of a chooser option which expires

Compute the fair value of a chooser option which expires after n=10 periods. At expiration the owner of the chooser gets to choose (at no cost) a European call option or a European put option. The call and put each have strike K=100 and they mature 5..

  Represents efficient credit-collection policy

You are analyzing two companies that manufacture electronic toys – Like Games Inc. and Our Play Inc. Like Games was launched eight years ago, whereas Our Play is relatively new company that has been operation for only the past two years. (high or low..

  Traditional ira account into roth ira

Jenny age, 55 wants to convert $18,000 balance in her traditional IRA account into Roth IRA after paying necessary taxes. In addition, she plans to deposit $5000 (post tax) into Roth IRA. How much can Jenny withdraw from Roth IRA after 5 years (when ..

  The firm use to discount the project cash flows

Titan Mining Corporation has 9.8 million shares of common stock outstanding and 420,000 5 percent semiannual bonds outstanding, par value $1,000 each. What is the firm's market value capital structure? If the company is evaluating a new investment pr..

  Researcher placed interviewers at multiple entrances-exits

A researcher placed interviewers at multiple entrances and exits to a mall and asked them to interview a wide sample of mall visitors including parents, couples, and singles. In the process of verifying the responses, the researcher found that one in..

  Equilibrium spot exchange rate between the two nations

Consider two nations Canada and the Mexico with the following variables: YCA = 1.21 millions CA . yCA = 855,000 CA ; MCA = 315,000 CA ; YMX= 685,000 Pe . yMX= 549,000 Pe ; MMX = 110,000 Pe. Find the value of kCA and kMX ( fraction of nominal income h..

  Considering expansion of production capacity by investing

ABC Corp. is considering expansion of its production capacity by investing in a project with the following unlevered cash flows (UCF): Year 0: -$30 million Year 1: +$10 million Year 2: +$8 million Year 3 and all future years: +$5 million ABC Corp.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd