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Date Submitted: 11/28/2010 09:20 PM
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...