Mathematics of Finance

A printer was purchased for $1200 and has a salvage value of $100. If it is expected to produce a 150,000 copies, a) what is the unit depreciation for the printer? b) if it has printed 12,000 copies the first year, what is the year end depreciation? * do not round off in the middle of the problem

Sets, Counting and Grouping

Out of 30 job applicants, 11 are female, 17 are college graduates, 7 are bilingual, 3 are female college graduates, 2 are bilingual woman, 6 are bilingual college graduates, and 2 are bilingual female college graduates. What is the number of women who are not college graduates but nevertheless are bilingual?

Probablity

P(8,5) = a. 5!/8! b. 8*7*6*5*4 c. 8*7*6*5 d. 8!/5!3!

Sets, Counting & Probability

Eight Horses are entered in a race. In how many ways can they cross the finish line if ties are not allowed?

Sets, Counting and Probability : Events

A light Bulb manufacturer tests a light bulb by letting it burn until it burns out. The experiment consists of observing how long (in hours) the light bulb burns. Let E be the event "the bulb lasts less than 100 hours", F be the event "the bulb lasts less than 50 hours",and G be the event "the bulb lasts more than 120 hours." T ...continues

Sets, Counting & Probability : Combinations

In a local election, there are eight candidates for five positions as judges on the Supreme Bench. The number of possible outcomes of the election is:

Sets, Counting & Probability : Combinations

How many poker hands consist of four clubs and a card of a different suit? a. 48 * C(13,4) b. 39 * C(52,4) c. 48 * C(52,4) d. 39 * C(13,4)

Sets, Counting & Probability : Probability Distribution for a Sample Space

Which of the following is a valid probability distribution for a sample space S = {a,b,c,d} a. Pr(a)=-0.2, Pr(b)=0.5, Pr(c)=0.4, Pr(d)=0.3 b. Pr(a)=0.3, PR(b)=0.1, Pr(c)-0.2, Pr(d)=0.5 c. Pr(a)=0.6, Pr(b)=0, Pr(c)=0.3, Pr(d)=0.1 d. Pr(a)=0.5, Pr(b)=0.2, Pr(c)=0.1, Pr(d)=0.3

Sets, Counting & Probability : Permutation Problem

Five horses are running at a race track. Being an inexperienced bettor, you assume that every order of finish is equally likely. You bet that Son-of-a-Gun will win and that Gentle Lady will come in second. The probability that you will win both bets is: 9/20 1/20 2/5 1/25

Sets, Counting & Probability : Probability of Defective Unit

A shipment of twenty radios contains six defective radios. Two radios are randomly selected from the shipment. The probability that both radios are defective is: 14/7 1/3 15/19 3/10