A group of 1,254 people are going on a boat tour. If each boat holds 8 people, how many boats will they need?

Answerino:

157

Step-by-step explanation:

1254/8

Step-by-step explanation:

1254p(b/(8p))=156.75b

The number of boats must be an integer because you can’t have a fraction of a boat so

b=157

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%