The average distance of a value from the mean refers to 

When referencing the Gaussian curve, 99.7% represents which range? 

The wait time to ride The Yankee Cannonball roller coaster at Canobie Lake Park has a mean of 42 minutes with a standard deviation of 8 minutes.   Joey waits 60 minutes to get on the Yankee Cannonball. Calculate the z-score for Joey’s wait time. Write your work and answer on your scrap paper.    The wait time to ride Untamed rollercoaster has a mean of 28 minutes and a standard deviation of 4 minutes.  Enid waits 17 minutes to get on the Untamed ride. Calculate the z-score for Enid’s wait. Write your work and answer on your scrap paper.Whose wait time was more extreme compared to the normal wait times for the roller coaster they chose to ride?

The data file below includes end-of-month prices of three assets between August 2023 and August 2025. Answer questions 4-9 using this data file. Midterm_Data_v3.xlsx   Find the mean return of a portfolio that is 70% A and 30% B. Enter your answer below as a percentage, but without the “%” symbol. Round the results up to the second decimal. For instance, if the result is 0.123456, enter it as 12.35 (NOT 12.35%). Answer:  

A loan that you took out from your bank requires monthly payments of $1000 for 24 months. The payments are to be made at the end of each month.  If the initial loan amount is $20,000, what is the EAR on the loan? Enter your answer below as a percentage, but without the “%” symbol. Round the results up to the second decimal. For instance, if the result is 0.123456, enter it as 12.35 (NOT 12.35%). Answer:

The data in the third sheet of the Excel file shows the income statements and balance sheets of a firm from the previous four fiscal years. Fiscal year-end of the firm is December 31. Use this data to answer questions 20 through 22.   Assume that the depreciation in 2024 was $4,250 million. What is the free cash flow in 2024? Round the result to the nearest million dollars before entering your answer. DO NOT use the “$” symbol. For example, if the result is $1,234.56 Million, enter it as 1,235, NOT $1,234.

The Excel file below includes the data you will need to answer the rest of the questions.  final_exam_v2_data-1.xlsx The file includes three sheets.  The question numbers shown in sheet names are incorrect. Therefore, please disregard the sheet names. The first sheet includes the variance-covariance matrix and expected returns for 6 risky assets. The returns are monthly. Answer questions 10 through 15 using this data.    What is the expected return of the GMVP portfolio? Enter your answer as a percentage without the “%” symbol. Round the answer to the second decimal. For example, if the result is 0.123456, your answer should be 12.35, NOT 12.35%.

When making pastry dough such as those used for pies, the fat should be at room temperature.

Assume that the free cash flows will grow at an annual rate of 6.5% in the next 5 years and at a rate of 4.1% beyond that. Also assume that the WACC of the firm is 10.5% per year. What is the enterprise value at the end of 2024? Use end-of-year discounting. Round the result to the nearest million dollars before entering your answer. DO NOT use the “$” symbol. For example, if the result is $1,234.56 Million, enter it as 1,235, NOT $1,234.

The Excel file below includes the data you will need to answer the rest of the questions.  final_exam_v3_data-1.xlsx The file includes three sheets.  The question numbers shown in sheet names are incorrect. Therefore, please disregard the sheet names. The first sheet includes the variance-covariance matrix and expected returns for 6 risky assets. The returns are monthly. Answer questions 10 through 15 using this data.    What is the expected return of the GMVP portfolio? Enter your answer as a percentage without the “%” symbol. Round the answer to the second decimal. For example, if the result is 0.123456, your answer should be 12.35, NOT 12.35%.