A quality standard says that no more than 2 percent of the eggs sold in a store may be cracked. In 3 cartons (12 eggs each carton) 2 eggs are cracked.

The quality standard is violated.

Step-by-step explanation:

In 3 cartons of eggs no more than 2% are crack.

Let's find out how many eggs are in the 3 cartons.

(3)(12) = 36

There are 36 eggs in all 3 cartons. To find how many are supposedly cracked we need to multiply 36 by the decimal for of 2%.

To change a percent to decimal form we move the decimal of the percent twice to the left. So 2% turns in to .02.

Now, multiply:

(36)(.02) = 0.72

Not even 1 egg in all 3 batches should be cracked.

Therefore, the quality standard has been violated.

In order for the quality standard to be upheld there would have to be 100 eggs and only 2 of them be cracked.

I hope this helps!!

- Kay :)

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%