Home / Questions / You are an investment manager for a hedge fund There are currently a lot of rumours going ...
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?
Apr 02 2020 View more View Less
Finding an Indefinite Integral In Exercises 15-36, find the indefinite integral and check the result by differentiation.Aug 04 2021
ASSIGNMENT- PRINCIPLES/ INTRODUCTION TO MICRO ECONOMICS CASE STUDY QUESTION Does M&S have a future?The country’s most famous retailer Marks & Spencer’s big store in Lon...Apr 06 2020
Smog is an excellent example of: a. An impact fee paid by property owners b. An externality c. An impact on taxes d. Public useAug 23 2020
Consider the market demand and supply functions: Q^D = 26 -2P Q^s = 3p - 9 A price subsidy for firms results in firms receiving a price Ps = Pb+s where s is the subsidy. ...Jul 08 2021
Find the center of gravity for the three-axle truck shown. The front axle supports a mass of 3.5 Mg, the middle axle supports a mass of 12.0 Mg, and the rear axle support...Jun 26 2020
An on-the-job injury occurs once every 10 days on average at an automobile plant. What is the probability that the next on-the-job injury will occur within a. 10 days? b....Jun 20 2020
The following data applies to Saunders Corporation’s convertible bonds: Maturity…………. 10 Stock price ………… $30.00 Par value………….$1,000.00 Conversion price………. $35.00 ...May 13 2020
Some undiluted acids are not as corrosive as when they are diluted with water. That is why lab workers are told to wipe off acid splashes with a towel before washing skin. Explain.Jul 04 2021
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They ar...Jun 07 2021
Freda's Florist reported the following before-tax incomestatement items for the year ended December 31, 2016:Operating income$250,000Income on discontinuedoperations$70,0...Aug 16 2021