Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Bob Smith recently completed his MBA and accepted a job with a computer company. To ensure that his retirement is comfortable, he intends to invest $3,000 of his salary into a tax shelter retirement fund at the end of each year. Bob is not certain what the rate of return is, but knows that it is normally distributed with a mean of 13% and a standard deviation of 2%. If Bob is 30 years old, how much money should he expect to have when he is 60?
(a) Develop a computer simulation model to determine how much will be in his retirement fund after 30 years.
(b) Use a data table to perform 200 runs of the simulation model developed in part (a).
(c) Compute the average amount the fund will be worth using the results from the 200 runs in the data table.
(d) Obtain a histogram for the 200 run results. Use at least 7 class intervals.
(e) Based on the simulation results in the data table, estimate the probability that the fund will be more than $750,000 and the probability that the fund will be more than $1,000,000.
advantages an d disadvantages of various measures o f dispersion
Obligations showing the responsibility to pay for solutions or products that have been suffered or obtained but not compensated for by the end of the sales interval.
The following figure shows a histogram of the annual maxima of daily rainfall levels (in millimetres) recorded at Maiquetia international airport, Venezuela, for the years 1952 to
List down various measures of central tendency and explain the difference between them?
LO.1 (Activity analysis) The Raleigh plant manager of Allentown Corp. has noticed the plant frequently changes the schedule on its production line. He has gathered the following in
What is the probability 0.10 called?
The lifetime T (in days) of an electrical component has reliability function given by: R(t) = e - 0 : 01 t for time t > 0. An electrical system consists of four such component
1. Mention the characteristics of Statistics. Explain any two applications of Statistics.
What is Art collection A personal perform of art or number of products of unique graphics such as artwork, statues, craftwork or other elements generally determined as a perform
what is historigram.
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd