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Almond vs. dark chocolate A statistics student wondered whether the color distribution for Almond M&M's candies is the same as for Dark Chocolate Peanut M&M's. She collected several packages of each type and recorded the color of each candy, as summarized in the following table:
a) Was this an observational study or an experiment? Explain.b) Compute the following probabilities:i) P(almond)ii) P(red)iii) P(red|almond)iv) P(almond|red)v) P(almond or red)vi) P(almond and red)e) Do the color distributions appear to be the same or different? Explain, using conditionalprobabilities.
You own a 20-year, $1,000 par value bond paying 7 percent interest annually. The market price of the bond is $875, and your required rate of return is 10 percent.
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You are considering the purchase of a set of consul bonds paying a total of $20,000 per year. If your required rate of return to make the purchase is 7%, how much will you be willing to pay?
explain the difference relative to the current market price of a stock between the following types of orders sell
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The supplier is now offering a quantity discount of $0.03 per gallon if CCC orders 10,000 gallons at a time. Should CCC take the discount?
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