What is the standard deviation of the random variable

Assignment Help Financial Management
Reference no: EM13979100

A random variable has possible values of 20, 21, 22, 23, and 24 that are equally likely to occur. 

a) What is the probability that the random variable is less than 23?
b) What is the mean of the random variable?
c) What is the standard deviation of the random variable? 

Reference no: EM13979100

Questions Cloud

How would you describe the business ability to launch new : What other banks are performing in the same space and how are theyapproaching the task of building brand equity How would you describe the business' ability to launch new productsunder the HSBC Brand compared to other players in the market? Doyou thi..
Justify your answer with appropriate calculations : Would this condition be satisfied if the number of waiting customers is a Poisson random variable with a mean of 5? Justify your answer with appropriate calculations.
Let income be y, and measured in dollars : Let income be Y, and measured in dollars. A doctor obtains utility of4Y1/2 from exerting low effort, and 2Y1/2 from exerting high effort. Her reservation utility is 120utils. Patients and the physician's employers can only observe health outcomes. If..
Do a what if analysis by changing the probability : What is the probability that at least 30 employees out of 80 would be financially secure if they lost their job for 6 months to a year?
What is the standard deviation of the random variable : What is the standard deviation of the random variable? What is the mean of the random variable?
Zero economic profit includes a normal return : Zero economic profit includes a normal return for business owner. However, how do we know that the business owner will be satisfied with zero economic profit? In other words, if a business owner is earning zero economic profit, is there another oppor..
An investor has two investments a and b : An investor has two investments A and B. The investor believes that investment A is equally likely to increase by $1,000 or to decrease by $1,000 by the end of the year.
Do not use pseudo-instructions : You are to complete the program by writing four functions.  Pay particular attention to the purpose of each function, what registers to use and how the parameters and stack are to be used.  If the instructions specify a particular register, then you ..
How did hasting big five model of personality leadership : How did Hasting Big Five model of personality leadership traits change from Pure Software to Netflix? Which leadership styles did Hasting use at Pure Software and Netflix? How effectively were these leadership styles used? Explain how power, organiza..

Reviews

Write a Review

Financial Management Questions & Answers

  Calculate the weighted average cost of capital

A firm wishes to explore the effect on its cost of capital of the rate at which the company pays taxes. the firms wishes to maintain a capital structure of 25% debt, 15% preferred stock, and 60% common stock. The cost of financing with retained earni..

  Nominal rate of interest

Dominic takes out a 30-year mortgage of 140000 dollars at a nominal rate of interest of 7.32 percent convertible monthly, with the first payment due in one month. How much does he owe on the loan immediately after the 110th payment?

  What is expected share price as consequence of decision

In the past, Sunnyfax Publishing paid out all its dividends as earnings. When the stock market opened for trading today, Sunnyfax’s share price was $38 and earnings for the year ending today are $3 per share. If the reinvestment does not affect Sunny..

  Suppose a corporation can change its depreciation method

Suppose a corporation can change its depreciation method so that its tax payments will decrease by $5,000 this year but increase by $5,000 next year

  What size annuity will result in a lump sum equal

You wish to purchase a home in five years from now and estimates that an initial down payment of $20,000 will be required at that time; and you wish to make equal annual end-of year deposits in an account paying annual interest of 6 percent, so what ..

  Which firms shareholders are wealthier

Which firm's shareholders are wealthier? Explain why. The following are selected financial information on Firm A and Firm B. You are asked to complete the table by methodically calculating the missing information. You will assume that Cost of Goods S..

  Cash break-even quantity and financial break-even quantity

A project has the following estimated data: price = $54 per unit; variable costs = $29.16 per unit; fixed costs = $6,100; required return = 16 percent; initial investment = $13,000; life = three years. Ignoring the effect of taxes, the accounting bre..

  Tendered for shares of common stock in the issuing firm

A convertible security may be tendered for shares of common stock in the issuing firm. In other words, the bonds or preferred stock may be converted to common stock. Result in new capital for the firm. Do not result in new capital for the firm.

  Present value of total costs acre associated with adoption

You are considering undertaking a land improvement practice that will cost you $120 per acre to establish and an additional $8 per acre to maintain over the next 10 years. Assuming a real discount rate of 4%, what is the present value of the total co..

  What is the break even level of output

The price of a product is $32 per unit. A firm can produce this good with variable costs of 20 per unit and total fixed costs of $10,000. What is the break even level of output? What is the break even level of output if fixed costs increase to $18,00..

  What is the price of the bond

A bond with 20 years until maturity has a coupon rate of 7.4 percent and a yield to maturity of 7.5 percent. What is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your resp..

  Review the pharmacarecompcare scenario in assignment to

legal and ethical considerations in marketing product safety and intellectual propertyreview the pharmacarecompcare

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