You are an investment manager for a hedge fund. There are currently a lot of rumours going around about the “hot” property market on the Gold Coast, and some of your investors want you to set up a fund specialising in Surfers Paradise apartments.
You do some research and discover that the average Surfers Paradise apartment currently sells for $1.1 million. But there are huge price differences between newer apartments and the older ones left over from the 1980’s boom. This means prices can vary a lot from apartment to apartment. Based on sales over the last 12 months, you calculate the standard deviation to be $385 000.
There is an apartment up for auction this Saturday, and you decide to attend the auction.
Tasks (show your workings):
A. a. Assuming a normal distribution, what is the probability that apartment will sell for over $2 million?
B. b. What is the probability that the apartment will sell for over $1 million but less than $1.1 million?
Choose the correct word for the following sentences using one of these verbs.Please(a) lay,(b) liethe foundation for your presentation in your introduction.Jun 28 2021
the beginning of the year at a cost of $78,660. The equipment was depreciated using the straight-line method based on an estimated useful life of six years and an estimat...Jul 19 2021
Why would removing a trade restriction, such as a tariff, lead to more rapid economic growth?Here is a tip:Gains from trade imply that an economy can consume more goods a...Jul 16 2021
The figure shows the circular flow of income in three sector economy including household sector, business sector (firm) and government sector. INTERPRET how all these sec...May 30 2018
Why are prices of factors of production NOT equalized? Support your answer with examples in your own words. (Minimum 300 words and maximum 600 words)Jun 04 2021
A negative income tax is a policy under whicha. individuals with low income get transfers from the government.b. the government raises tax revenue without distorting ince...May 12 2021
What are the five fundamental principles of accounting information systems?Aug 24 2020
Sodium benzoate, NaC7H5O2, is used as a preservative in foods. Consider a 50.00-mL sample of 0.250 M NaC7H5O2 being titrated by 0.200 M HBr. What is the pH of the solutio...Jul 20 2021
Sony’s communication objective is to achieve 95 percent awareness for its latest camcorder modelduring the six-month introductory period. Which of the followin...Dec 11 2017
Uncertainty and expected costs. Kindmart is an international retail store. Kindmart’s managers are considering implementing a new business-to-business (B2B) information s...Jul 19 2020