Probability distribution for the expense forecast

Assignment Help Basic Statistics
Reference no: EM131361040

The budgeting process for a Midwestern college resulted in expense forecasts for the coming year (in Millions) of $9, $10, $11, $12, and $13. Because the actual expense are unknown, the following respective probabilities are assigned: .3, .2, .25, .05, and .2

A. Show the probability distribution for the expense forecast.

B. What is the expected value of the expense forecast for the upcoming year?

C. What is the variance of the expense forecast for the coming year?

D. If income projections for the year are estimated at $12 million, comment on the financial position of the college.

Reference no: EM131361040

Questions Cloud

What is the occupation number of this state at 0.1 k : In Chapter 22 we saw that the Debye temperature for a solid is typically several hundred kelvins. There are as many phonon states as there are atoms in the solid. Suppose that, for a certain solid at 100 K, the occupation number for a particular p..
Which strategy company you researched most likely applies : Analyze the five business-level strategies discussed to determine which strategy company you researched most likely applies. Determine how your experience with that company might change if it switched to one of the other four strategies.
Processes for health-care organizations : What might be the key processes for health-care organizations? What are the potential common causes of variation that would have an impact on the key processes of health-care organizations? What special causes might be more important than the others?
What is the firm equity cost of capital : The A corporation is a firm with regular free cash flow $60,000 and no corporate tax. A uses $300,000 OF 10% DEBT financing and the equity cost of capital to unlevered firm the same risk classes is 12%. What is the value of the firm ? What is the fir..
Probability distribution for the expense forecast : A. Show the probability distribution for the expense forecast. B. What is the expected value of the expense forecast for the upcoming year? C. What is the variance of the expense forecast for the coming year?
What is the excitation temperature for a system : What is the excitation temperature for a system whose first excited state lies 0.1 eV above the ground state? 0.0001 eV above?
How many shipments should be made biweekly : The three blood banks in Seminole County, Florida, are coordinated through a central office that facilitates blood delivery to four hospitals in the region. How many shipments should be made biweekly from each blood bank to each hospital so that to..
What additional steps apples competitors are likely to take : "Apple, Inc: Keeping the "I" in Innovation" Please respond to the following: Determine what additional steps Apple's competitors are likely to take and how Apple will most likely respond. Explain your rationale.
Research methodology including its application to technology : The methodology section of the paper, as a minimum, is three to four pages long. Essentially, this section is a mini-research paper defining and explaining thefour step, Action Research (AR) Methodology including its application to technology res..

Reviews

Write a Review

Basic Statistics Questions & Answers

  The population standared deviation is assumed to be 47

a study is being planned to estimate the mean number of semseter hours taken by students at a college. the population

  Consider a binomial distribution with 15 identical trials

1. Determine whether each of the distributions given below represents a probability distribution. Justify your answer. 2. Consider a binomial distribution with 15 identical trials, and a probability of success of 0.5

  How do tobacco industries use lobbyists to protect products

Prepare a 2-3 page essay. In your essay include the following: what is lobbying/what do lobbyists do? How do tobacco industries use lobbyists to protect their products, and finally how are tobacco companies currently exploiting developing countrie..

  Probability that the class does well on a type

A professor continually gives exams to her students. She can give three possi- ble types of exams, and her class is graded as either having done well or badly. Let pi denote the probability that the class does well on a type i exam,

  Security screening lines at hartsfield-jackson atlanta

security screening lines at hartsfield-jackson atlanta international airport are often long. the average time a

  A 300 kg block is pushed along the ceiling with a constant

a 3.00 kg block is pushed along the ceiling with a constant applied force of 85.0 n that acts at an angle of 55.0deg

  Should we finesse or play for the drop

We then lead the 10 from the dummy, and our right-hand opponent plays the six (after playing the three on the first round). Should we finesse or play for the drop?

  Report perceived wrongdoing of a corporation

Refer to Exercise 9.19 (p. 487), in which the extent of retaliation against whistle blowers was investigated. Since salary is a reasonably good indicator of a person's power within an organization, the data of Exercise 9.19 can be used to inve..

  Whats the most appropriate procedure for evaluating the

data are gathered regarding the length of tenure top executives have at a major corporation and whether those

  Question regarding the background scenario

You are a project manager for Advancement Corporation, which specializes in providing quality pharmaceuticals to doctors throughout the United States. The company has over 20,000 employees.

  Design an experiment using a staged manipulation

Design an experiment using a staged manipulation to test the hypothesis that when people are in a good mood, they are more likely to contribute to a charitable cause. Include a manipulation check in your design.

  In the particular cubic parsec selected around a little

a long time ago in a galaxy far far away the average density of stars is 17 stars per cubic parsec a cubic parsec is a

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