distribution To calculate the covariance and understand its use in finance To compute probabilities from binomial‚ hypergeometric‚ and Poisson distributions How to use the binomial‚ hypergeometric‚ and Poisson distributions to solve business problems Copyright ©2012 Pearson Education‚ Inc. publishing as Prentice Hall Chap 5-2 Definitions Random Variables A random variable represents a possible numerical value from an uncertain event. Discrete random variables produce outcomes that
Premium Random variable Probability theory Binomial distribution
The Solution to the Earths’ Energy Conservation Problem Gas prices have hit $6.00 a gallon! That is a scary thought‚ but reality is if we don’t start conserving our energy sources now‚ that is exactly what we will get gas for $6.00 a gallon or maybe even more. In today’s society we are only worried about the here‚ and the now. We all need to start thinking long term and come up with ideas for preserving our future. In the United States the industries use up about forty two percent of the nation’s
Premium Natural gas Coal
One of America’s most popular controversies are about the child obesity rate; it grows more and more every year! This problem is associated with marketers selling their food products‚ more and more fattening snacks are filling front row shelves in stores. Clever food advertisements influence kids to buy their products‚ creating a pathway to an unhealthy life. Creative marketers’ food advertisements are one way to affect children’s health. This article states‚ “In a survey of 3‚342 youths aged
Premium Nutrition Obesity United States
Riordan Manufacturing This paper takes a good look at the situation‚ opportunities and challenging issues that are facing Riordan Manufacturing Company. Through analyzing the situations‚ opportunities‚ and challenges the true problem with Riordan ’s human capital is realized. The end-state goals will direct Riordan Manufacturing to improve human resource practices‚ which will give Riordan a sustained competitive advantage (Dreher & Dougherty‚ 2001). Situation Background Riordan Manufacturing is
Premium Incentive program Human resource management Incentive
Introduction Companies around the world face challenges both externally and internally. Externally‚ companies have to create‚ manufacture‚ and distribute a product appealing to a targeted group of companies and in some cases venture out to the individual population. Internal challenges stem from the Chief Executive Officer’s (CEO)‚ board members‚ team leaders‚ production designers‚ sales representatives‚ and the employee population. Some challenges presented can be the light of a new idea and other
Premium Board of directors Corporate governance Chief executive officer
Problem Set Seven Solutions Chapter 9 1. Two car manufacturers‚ Saab and Volvo‚ have fixed costs of $1 billion and constant marginal costs of $10‚000 per car. If Saab produces 50‚000 cars per year and Volvo produces 200‚000‚ calculate the average fixed cost and average total cost for each company. On the basis of these costs‚ which company’s market share should grow in relative terms? Answer: Average total cost is average fixed cost plus marginal cost: ATC = FC/Q + MC. Volvo’s average fixed cost
Premium Costs Marginal cost Microeconomics
Quiz. Evaluate the following problems. Show your solution and encircle your final answer. 1. In a 25-kVA‚ 2000/200 V‚ single phase transformer‚ the iron and full load copper losses are 350 W and 400 W respectively. Calculate the efficiency at unity power factor on a) full load‚ b) half full-load. 2. If P1 and P2 be the iron and copper losses of the transformer on full load‚ find the ratio of p1 and P2 such tat maximum efficiency occurs at 75% full load. 3. A 5-kVA‚ 2300/230 V‚ 50 Hz transformer
Premium Transformer
Solution sto Chapter 2 Problems Accounting Judgements Questions 1. Accounting principles include: (a) Underlying assumptions – basic underlying assumptions that make accounting possible. (b) Qualitative criteria – standards to judge policy choices in conjunction with reporting objectives. (c) Measurement methods – ways to measure results and financial position. 2. The importance of establishing a document such as the IASB’s Framework is that this material helps standard setters when
Premium Balance sheet Generally Accepted Accounting Principles Depreciation
SOLUTIONS Financial Management Seminar + Homework‚ Week 5 1. Starware Software was founded last year to develop software for gaming applications. Initially‚ the founder invested $800‚000 and received 8 million shares of stock. Starware now needs to raise a second round of capital‚ and it has identified an interested venture capitalist. This venture capitalist will invest $1 million and wants to own 20% of the company after the investment is completed. a. How many shares must the venture capitalist
Premium Stock market Dividend yield Venture capital
22. Project NPV Hindustan Motors has been producing its Ambassador car in India since 1948. As the company’s website explains‚ the Ambassador’s “dependability‚ spaciousness‚ and comfort factor have made it the most preferred car for generations of Indians.” Hindustan is now considering producing the car in China. This will involve an initial investment of RMB 4 billion.14 The plant will start production after one year. It is expected to last for five years and have a salvage value at the end of
Premium Depreciation Net present value Investment