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Stock repurchases
Beta Industries has net income of $1,700,000, and it has 1,830,000 shares of common stock outstanding. The company's stock currently trades at $61 a share. Beta is considering a plan in which it will use available cash to repurchase 15% of its shares in the open market. The repurchase is expected to have no effect on net income or the company's P/E ratio. What will be its stock price following the stock repurchase? Round your answer to two decimal places.
A sample of 50 customers resulted in a sample mean of $90. What is the probability of obtaining a sample with a sample mean smaller than $90?
Medication, 47% take cholesterol-lowering medication, and 12% take both medications. What is the probability that a senior citizen takes either blood pressure-lowering or cholesterol-lowering medication?
testing for population mean.a manufacturer produces tv tubes that are intended to have an average life of 580 hours.
Find the z-score boundaries that separate a normal distribution as described in each of the following: the middle 20% from the 80% n the tails.
In a survey of women in a certain country (ages 20-29) the mean height was 64.5 inches with a standard deviation of 2.75 inches. What height represents the 90th percentile? What height represents the first quartile?
Afterward, each mouse is given a hyperactivity rating score. The mean score was x_bar = 14.9 and s = 2.8. Give a 95% confidence interval for the population mean score μ.
The owner of Maumee Ford-Mercury wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year.
let x be a random variable with mean 3 and variance 2 and let y be a random variable such that for every x the
statistics are tools which can hep business perform many business functions. please choose one of the following
according to police sources a car with a certain protection system will be recovered 88 of the time. find the
your firm designs training materials for computer training classes and you have just received a request to bid on a
1.a large study was done to compare two treatments for recurring ear infections in young children. a total of 150
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