Consumers spend an average of 21 per week in cash without

Assignment Help Accounting Basics
Reference no: EM13605203

Consumers spend an average of $21 per week in cash without being aware of where it goes. Assume that the amount of cash spent without being aware of where it goes is normally distributed and that the standard deviation id $5.

a. What is the probability that a randomly selected person will spend more than $25?

b. What is the probability that a randomly selected person will spend between $10 and $20?

c. Between what two values will the middle 95% of the amounts of cash spent fall?

Reference no: EM13605203

Questions Cloud

What is the most preferred form of recognition in the : what is the most preferred form of recognition in the workplace? in a survey by office arrow 163 of 388 administrative
Porter sold inventory that cost 700 to fred berman for 1000 : prepare journal entries for the transactions and adjusting entries.jan. 1- porter accepted a 4-month 8 not from anderko
The object is in static equilibrium when the string is : an object of mass m 3.5 g and charge q 36 microc is attached to a string and placed in a uniform electric field that
Waterways is considering the replacement of an antiquated : waterways is considering the replacement of an antiquated machine that has been slowing down production because of
Consumers spend an average of 21 per week in cash without : consumers spend an average of 21 per week in cash without being aware of where it goes. assume that the amount of cash
A pot of hot water is boiling on your stove the pot is in : a pot of hot water is boiling on your stove. the pot is in the shape of a round cylinder made of aluminum which is 10
On april 2 nancy hansel uses her j c penney company credit : on april 2 nancy hansel uses her j. c. penney company credit card to purchase merchandise from a j.c. penney store for
In extremely cold weather conditions where the inside : in extremely cold weather conditions where the inside thermostat is set to 27 c and the outside temperature is -20 c
The company uses a job-order costing system and : the company uses a job-order costing system and predetermined overhead rates to apply manufacturing overhead cost to

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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