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Probability Distributions Problem Set
Solutions are provided at the end of the document
P-1 The salespeople at Owl Realty sell up to 9 houses per month. The probability distribution of a salesperson selling n houses in a month is as follows:SalesProbability 0.05 1.10 2.15 3.20 4.15 5 6.10 7.05 8.05 9.05 a. What is the probability of selling 5 houses in a month?b. What are the expected value and the standard deviation for the number houses sold by the salespeople per month? P-2 The following data has been recorded regarding the rental history of a high pressure cleaner at a home improvement store.DemandFrequency 020 123 227 314 416 Find the expected demand for the high pressure cleaner.
Before closing the books for the year ended December 31, 2010, Pitt Corp. prepared the following condensed trial balance:
Assuming a 6.2 percent social security tax rate and a 1.45 percent Medicare tax rate, prepare the journal entry to record Giltz's wages and related liabilities. Round to the nearest penny
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A Kubota tractor acquired on January 9 at a cost of $75,000 has an estimated useful life of 20 years. Assuming that it will have no residual value, determine the depreciation for each of the first two years:
what are the assumptions that underlie CVP analysis?
A friend has $950 that has been saved from her part-time job. She will need her money-Calculate the interest earned on the savings account for six months.
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The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in..
Assume that you and two friends are debating whether to open an automotive and service retail chain that will be called Auto-Mart. Initially, Auto-Mart will open three stores locally.
a company declared a 0.55 per share cash dividend. the company has 200000 shares authorized 190000 shares issued and
Prepare a brief analysis of the budget. What would you suggest to increase the cash available before new financing?
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