Z is a standard normal random variable. The P(Z > 2.11) equals
a. 0.4821
b. 0.9821
c. 0.5
d. 0.0174
D
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Roundwell Motors purchases a manufacturing plant for $15 million, pays $5 million in cash as down payment, and borrows the remaining $10 million from Home Providence Bank
To secure the loan, Roundwell gives the plant as collateral to Home Providence Bank. What kind of collateral arrangement is in place between Roundwell Motors and Home Providence Bank? A) a mortgage B) a garnishment C) a land sales contract D) an accommodation
A family took a summer vacation in Florida. Unfortunately for them it was unseasonably chilly and they had not brought any blankets or warm clothing. If a representativeness heuristic was used, the family would be MOST LIKELY to ________
A) believe the crazy weather was a one time event and not worry about it again B) not want to admit they made a mistake in failing to prepare for the worst C) pack warm clothes and blankets for every future vacation no matter the destination or time of year D) use the base rate to determine when to pack warm clothes and blankets