The random variable X is exponentially distributed, where X represents the time it takes for a person to choose a birthday gift. If X has an average value of 24 minutes, what is the probability that X is less than 30 minutes? (Do not round until the final step. Round your answer to 3 decimal places.)

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%

hi there!

question 1 answer: p/q can be terminating when q = 5^m * 2^n

question 2 answer: -1 and -1

question 3 answer: -4

question 4 answer: 5/12

hope this : )

the answer would be c