Suppose the returns on an asset are normally distributed. suppose the historical average annual return for the asset was 6.6 percent and the standard deviation was 16.5 percent. what is the probability that your return on this asset will be less than –8.5 percent in a given year? use the normdist function in excel(r) to answer this question.
1. what range of returns would you expect to see 95 percent of the time? (enter your answers for the range from lowest to highest. negative amounts should be indicated by a minus sign. do not round intermediate calculations and round your final answers to 2 decimal places.
2. what range would you expect to see 99 percent of the time? (enter your answers for the range from lowest to highest. negative amounts should be indicated by a minus sign. do not round intermediate calculations and round your final answers to 2 decimal places.

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Acompany's income statement showed the following: net income, $145,000 and depreciation expense, $36,300. an examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,500; merchandise inventory increased $22,200; and accounts payable increased $5,500. calculate the net cash provided or used by operating activities. $209,500 $139,000 $176,100 $186,500 $142,100

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.