Nick and Liz have decided to move from the city to the suburbs this means that they will have to make the essential purchase of a car in order to get to work they researched used 2 year old cars of the same make model and condition and equipped with the same options they found a website stating that the average price should be 18500 these are the prices they were quoted 15500,18800,16900,19900,18000,21000 if they continued their search for one more price quote what would that price have to be so that the mean of all seven of the car prices would be the same as the mean quotes on the website

/in /by

Nick and Liz have decided to move from the city to the suburbs this
means that they will have to make the essential purchase of a car in
order to get to work they researched used 2 year old cars of the same
make model and condition and equipped with the same options they found
a website stating that the average price should be 18500 these are the
prices they were quoted 15500,18800,16900,19900,18000,21000

if they continued their search for one more price quote what would
that price have to be so that the mean of all seven of the car prices
would be the same as the mean quotes on the website

You might also like
ABC Company Ltd purchased 5000 cocoa futures contract at a price of $150 per contract. As part of the contract, ABC was required to deposit $10 per contract initially in their account with the maintenance margin set at $5 per contract. If the price per contract falls to $142 overnight, what action will the exchange require ABC to undertake
In September 1963 the first issue of the comic book X-MEN was issued. The original price for that issue was 12¢. By September 1999, 36 years later, the value of this comic book had risen to $6,500. What annual rate of interest would you have earned if you had bought the comic in 1963 and sold it in 1999?
IQ scores are normally distributed with a mean of 100 and a standard deviation of 15. Find the probability a randomly selected person has an IQ score less than 120?
In equilibrium a consumer was buying 5 units of good A and some of good B. His income was Rs 100 and the prices were P A = Rs 8 and P B = Rs 5. The price of good A falls to Rs 5. By how much does his income need to be compensated so that he is able to buy the (old) bundle at the original equilibrium?
The model YI=A +B1X1I +B2X2I +B3X3I +UIis to be estimated from a sample of 20 observations. Using the information below obtain the OLS estimate of the parameters of the above model. (X/X)-1 =0.1, -0.12, -0.03 ( -0.12 -0.03, 0.04 0.02, 0.02 0.08) XY=(10,000, 20,300, 10100, 30200) ∑_X1_ =400, ∑_X2= 200 and _∑_X3= 600_ Where x=xi - xi, and y= yi-yi
Suppose that the share price of company B is currently trading at £20 on the London Stock Exchange. The annual share price evolves according to a geometric Brownian motion with drift parameter µ = 0.7 and volatility parameter σ = 1.2. Suppose also that the continuously compounded interest rate is 4%. (a) What is the share price at time t, S(t), equal to, under the above assumptions? [2] (b) Find the probability that after 5 weeks the share has at least doubled its value. [4] (c) What would change in the evolution of the share price, if it followed the risk-neutral [2] geometric Brownian motion? (d) Suppose that there exists a European call option written on the share price of [2] company B with strike price K and and maturity time T. Write down the BlackScholes formula for the price of this option. (e) What is the probability that you will exercise this call option with strike price [5] K = £22 at maturity T = 4 months?
ABC Ltd is evaluating to invest in two projects. Project X may yield a return of £1.5m with a probability of 20%, or a return of £5m with a probability of 60%. Project Y, instead, may earn a negative return of £3m with a probability of 70% or a positive return of £7m with a probability of 30%. How much is the expected return for project X and Y? [8 marks] 2) What is the standard deviation? [6 marks] 3) Compare and briefly discuss the expected return and risk of the projects.
Xolisile and Xolani are twins. To reward them for passing matric well, their parents gave them R20 000,00 each. Each one of them decided to invest three quarters of their money for a period of three years. Xolisile invested her money at a simple interest rate of 6,5% per annum. Xolani invested her money at an interest rate of 6,5% per annum, compounded annually. What is the difference between the values of the two investments at the end of the period?