Qrb Wee

Final Week Team Assignment

Team c

Tai Garcia

Mark Winnie

Hussam Elgammal

University of Phoenix

QRB/501

Quantitative Reasoning for Business

MBAA0OOYP7

Joseph Guzman

17th May 2010

Table of Contents

Page

A. Sevilla & Somers

Topic 18, Exploration 3 – By Tai Garcia ………………………………………...…...3

B. Emery

Ch. 6 A6, B6 and B10 (a only) – By Tai Garcia……………………………………...4

C. Cooper

Chapter 7, Question 5 – By Mark Winnie.……………………………………………6

D. Lind

Chapter 8, Exercise 31 – by Mark Winnie……,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,………………7

E. Lind

Ch. 18, Exercises 27, 28, 33, and 34 - By Hussam Elgammal…………..............9

F. Lind

Ch. 18, Exercise 56 - By Hussam Elgammal ……………...…....…………………11

A. Sevilla & Somers

Topic 18, Exploration 3 – By Tai Garcia

The following table contains information on the 2002 resident population of the U.S., by age. (Source: The New York Times Almanac 2004, page 277.) 

a. If a resident of the U.S. is chosen at random, find the probability that he or she is 25 to 44 years old.

Answer

Total = 4,486,508

1,270,419/4,486,508 = 0.283 or 28.3%

b. If a resident is chosen at random, find the probability that he or she is older than 24 years old.

Answer

(1,270,419+1,068,243+588,542)/4,486,508

3,334,104/4,486,508 = 0.743 or 74.3%

c. In what age category does the median age fall?

Answer

The median is 32 and falls between the ages of 25 to 44.

B. Emery

Ch. 6 A6, B6 and B10 (a only) – By Tai Garcia

A6. (Expected portfolio return) Musumeci Capital Management has invested its portfolio as shown here. What is Musumeci’s expected portfolio return?

Answer

Rp = (.10)(.04) + (.20)(.08) + (.70)(.12)

Rp = (.004)+(.016)+(.084)

rP = .104 or 10.4%

B6. (Expected return and risk) Procter & Gamble is...