Randomly selected customer saves

Assignment Help Finance Basics
Reference no: EM131227044

To promote sales a retailer special scratch-coupons. When the shopper makes a purchase, the clerk scratches o↵ the covering to reveal the amount of the discount. The discount is 10%, 30% and 50% of the initial amount. 7/8 of the coupons give the shopper 10%, 3/32 give 30% , and 1/32 give 50%. Suppose that half of the customers purchase a sweater that retails for $100 and another half purchases a suit that retails for $150. What's the probability that a randomly selected customer saves more than $40 by using one of these coupons?

Reference no: EM131227044

Questions Cloud

Sum of two mutually exclusive events : A. If A and B are independent events, then P(B) = P(A)P(B). B. The sum of two mutually exclusive events is one. C. The probability of A and its complement will sum to one.
Number of permutations of five things : A. If P(A) = .05, then the odds against event A's occurrence are 19 to 1. B. If A and B are mutually exclusive events, then P(A or B) = 0. C. The number of permutations of five things taken two at a time is 20.
State the purpose of the business research for each study : State the purpose of the business research for each study. Determine the research questions and hypotheses being researched in each study. Identify the dependent and independent variables being manipulated or measured in each study.
How large is the company in relation to its competitors : How large is the company in relation to its competitors? How fast is the company growing? How profitable is the company? What is the company's price to earnings ratio? What does this tell you about the company?
Randomly selected customer saves : Suppose that half of the customers purchase a sweater that retails for $100 and another half purchases a suit that retails for $150. What's the probability that a randomly selected customer saves more than $40 by using one of these coupons?
Is the check a bearer instrument or an order instrument : Is the check a bearer instrument or an order instrument? - Did Glenn's delivery of the check to Carol constitute a valid negotiation? Why or why not?
Calculate the probability that an employee selected : Calculate the probability that an employee selected at random from this group will be opposed. -  Calculate the probability that an employee selected at random from this group will be female.
Probability distribution for all potential outcomes : Set up a probability distribution for all potential outcomes of Mike takin the two classes this summer. Then use that distribution to calculate his expected $ loss for the summer.
Identify the ethical considerations that must be considered : Identify the ethical considerations that must be considered. Discuss the implications of the ethical considerations. Define the purpose of the research.

Reviews

Write a Review

Finance Basics Questions & Answers

  Which process is critical for a small business owner

Should the same people be involved in both processes? Why or why not? Which process is critical for a small business owner?

  How much will you have in 2 years at 9%

2a. What is the present value of $7,900 in 10 years at 11%? 5a. If you invest $9,000 today, how much will you have in 2 years at 9%?  5d. In 25 years at 14% compounded semiannually?

  Booths after-tax profit margin is forecasted to be 5

the booth companys sales are forecasted to increase from 1000 in 2002 to 2000 in 2003. here is the december 31 2002

  You want to buy a house for which the owner is asking

you want to buy a house for which the owner is asking 625000. the only problem is that the house is leased to someone

  What interest rate is the bank required by law

Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 17.5 percent per year. The bank uses daily compounding on its loans.

  Now recalculate the tax disadvantage using the same income

a. calculate the tax disadvantage to organizing a u.s. business today as a corporation as compared to a partnership

  Same exercise price and the same expiration date

Suppose you have written both a put and a call on the same stock with the same exercise price and the same expiration date (so you are short both options). You are best off if the stock price on the expiration date is

  Explain the differences between the rates

For the most recent period, explain the differences between the rates

  How would you evaluate the activity of wilkins'' inventory

Find the average quarterly inventory and use it to calculate the firm's inventory turnover and the average age of inventory. Assuming that the company is in an industry with an average inventory turnover of 2.0, how would you evaluate the activity of..

  What is the company inventory turnover ratio

What is the firm's investment in accounts receivable? c. What is the company's inventory turnover ratio? d. Identify three ways in which the company could reduce its cash conversion cycle? What are the possible risks of reducing it?

  Should globe undertake the planned diversification

The expected market return is 14%; the risk-free rate is 7%, and the current dividends per share, D0, are $3. Should Globe undertake the planned diversification?

  Computation of issue of debt and return on equity

Computation of issue of debt and return on equity thus it expects to use this money and increase sales such that the income before interest and taxes

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