A study shows the following one-generation transition probabilities among four major income groups. Eldest Son's Income Father's Income Bottom 10% 10%-50% 50%-90% Top 10% Bottom 10% 0.45 0.32 0.21 0.02 10%-50% 0.07 0.49 0.4 0.04 50%-90% 0.04 0.3 0.48 0.18 Top 10% 0.01 0.1 0.3 0.59 In the long term, what percentage of male earners would you expect to find in each category? (Round your answers to two decimal places.) bottom 10% 10%-50% 50%-90% % top 10% %
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- 3. What would be the yearly premium for a $50,000 insurance policy against accidental household flood if the likelihood of an accidental household flood is estimated to be 0.005 and the company wishes to have a yearly expected gain of $2000? a. $2, 250. b. $2,550. c. $2,500. d. $2,520. 4. A manufacturer of electronic equipment buys spare parts for replacement and repairs in lots of one-thousand from the supplier. The manufacturer uses these spare parts to fix items under warrantee. Past historical records show that the probability of any one spare part being defective is unlikely and assumed to be one in one-thousand. In a shipment of one-thousand spare parts the probability of two defectives is a. 0.148. b. 0.184. c. 0.366. d. 0.386. 5. What is the probability of getting exactly three heads in five flips of a balance coin? a. 5/16 b. 3/16 c. 7/16 d. 9/16The selling prices of mutual funds change daily. In order to study these changes, a sample of mutual funds was examined and the daily changes in price are listed below. (Round answers to 3 decimal places) 0.32, -0.17, 0.26, -0.03, -0.01, 0.18, 0.33, 0.28, 0.02, -0.29, -0.08, 0.12, 0.07, 0.03, 0.28 a) Using a calculator find Q1, Q3, median and IQR b) Determine the lower and upper fences. (Show work) c) Identify the outliers (if any) in this setThe Capital Asset Pricing Model (CAPM) is a financial model that assumes returns on a portfolio are normally distributed. Suppose a portfolio has an average annual return of 14.7% (i.e. an average gain of 14.7%) with a standard deviation of 33%. A return of 0% means the value of the portfolio doesn’t change, a negative return means that the portfolio loses money, and a positive return means that the portfolio gains money. What percent of years does this portfolio lose money, i.e. have a return less than 0%? What is the cutoff for the highest 15% of annual returns with this portfolio?
- Find out the next month after april income by using the forecasting method of the moving average methodHi! I was working on the question below: The Capital Asset Pricing Model (CAPM) is a financial model that assumes returns on a portfolio are normally distributed. Suppose a portfolio has an average annual return of 14.7% (i.e. an average gain of 14.7%) with a standard deviation of 33%. A return of 0% means the value of the portfolio doesn’t change, a negative return means that the portfolio loses money, and a positive return means that the portfolio gains money. And question (a) looks like: What percent of years does this portfolio lose money, i.e. have a return less than 0%? I got a z-score of -0.4455, which corresponds to the p value of 0.3264 on the z-table; I don't understand why the correct answer should be 0.3280 as said by one of the solutions, and I cannot locate such a number on the z-table. Thank you so much!The Capital Asset Pricing Model (CAPM) is a financial model that assumes returns on a portfolio are normally distributed. Suppose a portfolio has an average annual return of 14.7% (i.e. an average gain of 14.7%) with a standard deviation of 33%. A return of 0% means the value of the portfolio doesn't change, a negative return means that the portfolio loses money, and a positive return means that the portfolio gains money. (please round answers to within one hundredth of a percent) (a) What percent of years does this portfolio lose money, i.e. have a return less than 0%? (b) What is the cutoff for the highest 15% of annual returns with this portfolio?
- An asset has a depreciable basis of $13,200 and qualifies as 3-year MACRS property. The MACRS percentages are: 16.67, 33.33, 33.33. and 16.67 percent for years 1 to 4, respectively. What is the year 3 ending book value?Q5. You are considering two investment choices: a. 1 year CD that pays 2% for sure; b. investing in SP500 with 8% expected and 20% stdev. Q5a. If you put 50% in each of the two, what in the mean and stdev for your portfolio return?Q3. Suppose that the market default rate for bonds is given by 0.01, i.e., the probability the market believes that the company may not be able to pay the owner of the bonds is 0.01. Now a credit default swap (CDS) is sold at fair price $ 0.01 per unit. Ackman expects that the true default rate is 0.05, not 0.01. Ackman bought 67 billion units of CDS at the price $ 0.01 per unit. a. Suppose that Ackeman's expectation about the default rate is not correct. I.e., the true default rate for bonds is given by 0.01. Find the cost of the purchase. Find the expected payoff. Find the profit. b. Suppose that Ackeman's expectation is correct. Find the cost of the purchase. Find the expected payoff. Find the profit.
- 4. Suppose that a set of portfolio managers has a chance p = 50% of beating the market by 10% in a given year and chance 1 - p of underperforming by 10%. Performance from one year to the next is independent and uncorrelated. Returns are simple returns and compounding is ignored. (a) What is the probability that a manager will achieve a five-year track record which beats the market for at least 4 out of 5 years? (b) Suppose that unsuccessful managers get forced out of business as soon they are down overall -30%; that is, as soon as as their record contains 3 more losing years than winning years. What is the probability of failure over a five-year horizon? (c) Among those who survive, what is the expected total return?A stock has monthly returns of 9%, 22%, 15%, and 28%. What is the stock's geometric average return?The Texas DOT is comparing two alternative pavement treatments with the following characteristics. For each alternative, estimate the probability to have an annualized construction cost lower than $20k/year. As a result, which alternative would you recommend? The interest rate is 5% per year compounded annually and inflation runs at 2.4% per year. Construction Treatment Service Life Years (probability) Overlay Reconstruction cost/lane-mile $130k $220k 6 (15%) 11 (20%) 7 (25%) 12 (25%) 8 (35%) 13 (35%) 9 (15%) 14 (12%) 10 (10%) 15 (8%)