Chicken Delight claims that 88 percent of its orders are delivered within 10 minutes of the time the order is placed. A sample of 60 orders revealed that 50 were delivered within the promised time. At the .05 significance level, can we conclude that less than 88 percent of the...
October 20, 2011
Suppose you buy a 5% coupon, 20 year bond today when it is first issued. If interest rates suddenly rise to 8%, what happens to the value of your bond? (coupon payments are semi-annually).
October 26, 2010
Healthy Food, Inc., sells 50-pound bags of grapes to the military for $10 a bag. The fixed costs of this operation are $80,000, while the variable coast of the grapes are $.10 per pound.
May 27, 2010