Population standard deviation

Assignment Help Financial Management
Reference no: EM13880589

The manager of a grocery store has taken a random sample of 100 customers. The average length of time it took the customers in the sample to check out was 3.1 minutes. The population standard deviation is known to be 0.5 minutes. We want to test to determine whether or not the mean waiting time of all customers is significantly more than 3 minutes. Refer to Exhibit 9-1. At a .05 level of significance, it can be concluded that the mean of the population is a. significantly greater than 3 b. not significantly greater than 3 c. significantly less than 3 d. significantly greater then 3.18

Reference no: EM13880589

Questions Cloud

What is the net present value of a project : What is the net present value of a project that has an initial cost of $89,000 and produces cash inflows of $21,000 a year for 7 years if the discount rate is 11.5 percent?
Standard deviation of the minimum variance portfolio : What is the expected return and standard deviation of the minimum variance portfolio of the two, if Stock A has a 15% expected return and Stock B has a 20% expected return, and the correlation coefficient is 0.3?
Investment has an initial cost-internal rate of return : An investment has an initial cost of $1.87 million and a life of 5 years. The annual cash flows from this equipment are estimated to be $548,200, $565,500, $516,900, $528,000 and $234,000. Should this project be accepted based on internal rate of ret..
What is the operating cash flow for first year of project : The Sports Club wants to expand its facility. The expansion will require $350,000 in building improvements that will be depreciated on a straight-line basis over a 10-year period. The expanded area is expected to generate $250,000 in additional sales..
Population standard deviation : The manager of a grocery store has taken a random sample of 100 customers. The average length of time it took the customers in the sample to check out was 3.1 minutes. The population standard deviation is known to be 0.5 minutes.
Chance that interest rates will increase : Start with the partial model in the file Ch18 P08 Build a Model.xls on the textbook’s Web site. Schumann Shoe Manufacturer is considering whether or not to refund a $70 million, 10% coupon, 30-year bond issue that was sold 8 years ago. Neither they n..
Sale in receivables or the days sales outstanding : A company has net income of $218,000 a profit margin of 8.70% and an accounts receivables balance of $132,850. What is the company’s days sale in receivables or the days sales outstanding?
Determine the volatility of the stock : Assume Black-Scholes-Determine the volatility of the stock
Compute the p-value-alue of the test statistic : Which of the following does not need to be known in order to compute the p-value? a. knowledge of whether the test is one-tailed or two-tailed b. the value of the test statistic c. the level of significance d. All of these are needed.

Reviews

Write a Review

Financial Management Questions & Answers

  Convertibles securities add value to firms using them

It is always better to finance long term projects with equity rather than debts. Discuss.

  What is kinstons pre-tax cost of debt and preferred stock

What is kinston's pre-tax cost of debt? What is kinston's cost of preferred stock? What is kinston's cost of equity. What is kinston's capital structure weight of the preferred stock?

  Standard deviation of return on your clients portfolio

You manage an equity fund with an expected risk premium of 11.2% and a standard deviation of 26%. The rate on Treasury bills is 4.2%. Your client chooses to invest $70,000 of her portfolio in your equity fund and $30,000 in a T-bill money market fund..

  What is the beta of your portfolio

You own $25,334 of Human Genome stock that has an assumed beta of 3.88. You also own $15,296 of Frozen Food Express (assumed beta = 2.76) and $7,170 of Molecular Devices (assumed beta = 0.76). What is the beta of your portfolio?

  New divisor for the price-weighted index

Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $57, $315, and $114, respectively. If Baker undergoes a 3-for-2 stock split, what is the new divisor for the price-weighted index?

  Calculate the price of share-pe ratio-market-to-book ratio

Consider two all-equity financed firms (Bright Prospect and Past Glory), both with book value per share of $10, both with market capitalization rate of 15% and earning retention ratios of 0.6. Bright Prospect has an ROE of 20%. Calculate the price of..

  What will your monthly payment be

You want to buy a new sports car from Muscle Motors for $52,500. The contract is in the form of a 60-month annuity due at an APR of 6.25 percent. What will your monthly payment be?

  Explain what would be the amount of the equity

Based on your answer in (c), what would be the amount of the equity up front that you would have to give up in order to obtain LipLife's original venture capital investment?

  Suppose that the availability heuristics makes people more

assume that the availability heuristics makes people more risk averse populations drop at least in the short term.

  Common practice with expensive-high-tech equipment

You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $6,300,000, and it would be depreciated straight-line to zero ove..

  What is hastings required return

Hastings Entertainment has a beta of 0.64. If the market return is expected to be 13.80 percent and the risk-free rate is 7.80 percent, what is Hastings’ required return? (Round your answer to 2 decimal places.)

  What is the future value

What is the future value of $750 deposited for one year earning an 8 percent interest rate annually?

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