Business, 18.11.2019 22:31 jerseygirl1783

Acity is considering how much to spend to hire people to monitor its parking meters. the following information is available to the city manager: bullet hiring each meter monitor costs $15 comma 000 per year. bullet with one monitoring person hired, the probability of getting a ticket each time one parks illegally is equal to 0.40. bullet with two monitors, the probability of getting a ticket is 0.70; with three monitors, the probability is 0.90; and with four, it's equal to 1.00. bullet currently two monitors are employed, and the fine for overtime parking is $20. assume first that all drivers are risk neutral. what parking fine would you levy, and how many meter monitors would you hire (1, 2, 3, or 4) to achieve the current level of deterrence against illegal parking at the minimum cost? you should hire 1 meter monitor(s) and charge a fine of $ 18. (enter your responses rounded to two decimal places.)

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)

Answers: 3

Answer

Business, 22.06.2019 10:50

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker

Answers: 1

Answer

Business, 22.06.2019 11:00

Using a cps-sample of 7,440 individuals, you estimate the following regression: = 20.91 - 2.61 x female where female is a binary variable that takes on the value of 1 for females and is 0 otherwise. the standard error on the coefficient on female is 0.25. the 95% confidence interval for the gender wage gap, or the amount that females earn less, is: a) [-3.10, -2.12] b) [18.30, 23.52] c) [-3.02, -2.20] d) [-1.96, -1.64]

Answers: 3

Answer

Business, 22.06.2019 13:30

The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.

Answers: 2

Answer

You know the right answer?

Acity is considering how much to spend to hire people to monitor its parking meters. the following i...

Questions