Which of the following is not a requirement or property of a binomial experiment?
a. The ordering of success is important.
b. The probability of success is constant from trial to trial.
c. Each trial results in one of the same two outcomes, typically called a success or failure.
d. The trials are independent.
a
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Which of the following federal laws requires public accommodations to be made accessible:
A: The Americans with Disabilities Act; B: The Fair Housing Accommodations Act; C: The Fair Labor Standards Act; D: The Federal Depositors Insurance Act.
Costner Inc would like to introduce its new haircutting machine, the "terminator." The machine will cost $15,000 today. As a result of purchasing the machine, Costner expects to give 5,000 more haircuts for $8 each
In the first year, Costner will give 2,000 more haircuts, and in the second year Costner will give 3,000 more haircuts. What is the net present value (NPV) associated with purchasing the terminator if Costner's cost of capital is 9%? Round answer to the nearest whole dollar amount. A) -$10,640 B) $19,879 C) $20,485 D) $19,380 E) -$19,879