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Helen plays basketball. For free throws, she makes the shot 75% of the time. Helen must now attempt two free throws. C = the event that Helen makes the first shot. P(C) = 0.75. D = the event Helen makes the second shot. P(D) = 0.75. The probability that Helen makes the second free throw given that she made the first is 0.85. What is the probability that Helen makes both free throws?
A school has 200 seniors of whom 140 will be going to college next year. Forty will be going directly to work. The remainder are taking a gap year. Fifty of the seniors going to college play sports. Thirty of the seniors going directly to work play sports. Five of the seniors taking a gap year play sports. What is the probability that a senior is taking a gap year?
A student goes to the library. Let events B = the student checks out a book and D = the student check out a DVD. Suppose that P(B) = 0.40, P(D) = 0.30 and P(D|B) = 0.5.
A business is generating $1000 a month for the next 5 years at a nominal interest rate of 12% compounded monthly. How much cash should one pay for it?
the company you work for asks you to recommend whether their mercedes truck should be replaced now or kept in service
In an area with no population and little resources, which type of institution would emerge? The idea that the world is getting smaller and that time is moving faster is called?
Andrew just bought a new boat for $15,000 to use on the river near his home. He has taken delivery of the boat and agreed to the terms of the following loan
Suppose that a consumer’s demand for a product is given by P = 80 – 2Q. A monopolist produces the product at constant marginal cost, where MC = $6. The firm has no fixed costs. Suppose the monopolist sets a two-part tariff for the good where the cons..
Elucidate how resource scarcity influences this marketplace also describe choices stakeholders must make.
If a cyclic hydrocarbon with one C=C double bond has 10 hydrogen atoms, how many carbon atoms are present?
If the price elasticity of demand is –0.6 and the income elasticity is +0.25, then what is the effect of a simultaneous 10% increase in price and a 20% increase in income on total health expenditures (again just the direction, do not need to calculat..
Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5,200, $10,200, and $16,400 over the next three years, respectively. After that time, they feel the business will be worthless. Marko has deter..
There are four different market structures into which all firms and industries fit into. They are Pure or Perfect Competition, Pure Monopoly, Monopolistic Competition and Oligopoly. Name any firm (e.g. McDonalds, Jackson Electric, or Home Depot) or a..
What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college?
If we assume that mortgage interest rates and all other factors affecting home sales are constant, what do these figures suggest about the elasticity of demand for housing? Using the information calculate the elasticity for housing.
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