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Probability Distributions Problem Set
Solutions are provided at the end of the document
P-1 The salespeople at Owl Realty sell up to 9 houses per month. The probability distribution of a salesperson selling n houses in a month is as follows:SalesProbability 0.05 1.10 2.15 3.20 4.15 5 6.10 7.05 8.05 9.05 a. What is the probability of selling 5 houses in a month?b. What are the expected value and the standard deviation for the number houses sold by the salespeople per month? P-2 The following data has been recorded regarding the rental history of a high pressure cleaner at a home improvement store.DemandFrequency 020 123 227 314 416 Find the expected demand for the high pressure cleaner.
Zeta Co. has outstanding 100,000 shares of $100 par value cumulative preferred stock which has a dividend rate of 6 percent. Calculate the amount of dividends in arrears on Zeta's preferred stock.
Reconstruct the accounting equation for each company using percentages on the right side of the equation instead of dollar values. Which company is more financially stable? Why?
at the end of the current year accounts receivable has a balance of 2500000 allowance for doubtful accounts has a debit
Discuss one measure of performance of a company and indicate what the significance of a lower or higher level of such measure is. Compare it next to a second measure and explain the significance of the second measure.
Assuming that the enacted tax rate is 30% in both 2010 and 2011 and that krause paid 780,000 in income taxes in 2010, the amount reported as the net deferred incoem taxes on krauses balance sheet at dec 31 2010 should be:
lopar company uses a predetermined overhead rate based on direct labor dollars. lopar company estimated that its 20x9
You are to journalise the events (including dates and notations). You should assume that all monies were received on 18th April (applications). What other option did the directors have with the excess demand, returning the excess?
You're a paralegal at a law firm. You learn through work that one of the firm's corporate clients is going to declare a stock split that will likely increase the value of their stock. You mention this to your spouse. He or she promptly goes out an..
i. cvp analysis using composite units home builders sells windows and doors in the ratio of 82 windowsdoors. the
the gilster company a machine tooling firm has several plants one plant located in st falls minnesota uses a job order
caroline borrowed 8000 through the federal governments stafford loan program while she was studying accounting. the apr
freda acquired a passive activity this year for 870000. gross income from operations of the activity was 160000.
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