question is number 4. CTB bank Based on the simulation data estimate the maximum
ID: 2971748 • Letter: Q
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question is number 4. CTB bank
Based on the simulation data estimate the maximum and minimum amounts of the combined balance after one year, and the probability that the combined balance is more than $5,000. CBT bank has agreed to finance the needs of a stereo wholesaler for the next month. To complete the loan agreement, the wholesaler must estimate the cash on hand during the first 10 days of operation. Daily receipts are normally distributed with a mean of $50,000 and a standard deviation of $12,000. Disbursements are also normally distributed with a mean of $48,000 and a standard deviation of $3,000. Assume that initially there is $75,000 of cash on hand. Construct a simulation table to simulate cash flows for a period of 10 days. Carry out a simulation of 10 days using random numbers from Row 2 of the normally distributed Random Number Table 2 for receipts and Row 3 for disbursements. Based on the simulation, will a short-term loan be needed? A simulation model was constructed to determine how much a $10,000 investment would be worth after 10 years. 24 runs were performed with the following results.Explanation / Answer
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