Business, 10.10.2019 21:00 smeeden

Abusiness executive, transferred from chicago to atlanta, needs to sell her house in
chicago quickly. the executive’s employer has offered to buy the house for $210,000, but
the offer expires at the end of the week. the executive does not currently have a better offer
but can afford to leave the house on the market for another month. from conversations with her realtor, the executive believes the price she will get by leaving the house on the market
for another month is uniformly distributed between $200,000 and $225,000.
a. if she leaves the house on the market for another month, what is the mathematical expression
for the probability density function of the sales price?
b. if she leaves it on the market for another month, what is the probability she will get at
least $215,000 for the house?
c. if she leaves it on the market for another month, what is the probability she will get
less than $210,000?
d. should the executive leave the house on the market for another month? whyorwhynot?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 11:10

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

Answers: 2

Answer

Business, 22.06.2019 13:50

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Answers: 2

Answer

Business, 22.06.2019 19:50

Bulldog holdings is a u.s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship

Answers: 2

Answer

Business, 22.06.2019 20:50

Barbara flynn is in charge of maintaining hospital supplies at general hospital. during the past year, the mean lead time demand for bandage bx-5 was 65 (and was normally distributed). furthermore, the standard deviation for bx-5 was 6. ms. flynn would like to maintain a 90% service level.refer to the standard normal table for z-values.a) what safety stock level do you recommend for bx-5? safety stock=)what is the appropriate reorder point? reorder point=

Answers: 1

Answer

You know the right answer?

Abusiness executive, transferred from chicago to atlanta, needs to sell her house in
chicago q...

Questions