Before a new phone system was installed, the amount a company spent on personal calls
followed a normal distribution with an average of $500 per month and a standard deviation of
$50 per month.
Refer to such expenses as PCE's (personal call expenses). Find the probability
that a randomly selected month had PCE's below $350.
A) 0.3000 B) 0.9987 C) 0.0013 D) 0.7000
C
Business
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According to Modigliani and Miller, a firm's value is determined solely by the earning power and risk of its assets and that the manner in which it splits its earnings stream between dividends and internally retained funds does not affect this value
Indicate whether the statement is true or false
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Cash flows from cash cows should be used to support
A) question marks. B) stars. C) dogs. D) question marks and stars. E) question marks and dogs.
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