The price of a bond is uniformly distributed between $80 and $85
a. What is the probability that the bond price will be at least $83?
b. What is the probability that the bond price will be between $81 and $90?
c. Determine the expected price of the bond.
d. Compute the standard deviation for the bond price.
a. .4
b. .8
c. $82.50
d. $1.44
Business
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For June, Snake River Rafting will have cash receipts of $68,000 and cash disbursements of $85,000. If its beginning cash is $9,000 and its desired reserve is $3,000, what will be its shortfall in cash for the month?
A) There is no shortfall in cash but an excess of cash. B) -$11,000 C) -$8,000 D) -$6,000
Business
Banker's acceptances are frequently used to facilitate trade between firms in the United States and other countries
Indicate whether the statement is true or false.
Business