Problem 1. (10 points) Consider a set of wooden beams. We kn…
Problem 1. (10 points) Consider a set of wooden beams. We know that 35% of the set shows a tensile strength above 60 N/mm2. 4/5 of the 35% have a young’s modulus higher than 16,000 N/mm2. From the other 65% with a tensile strength below 60 N/mm2, only 1/3 have the young’s modulus higher than 16,000 N/mm2. If we have a timber beam with a young’s modulus higher than 16,000 N/mm2, what is the probability that this beam has a tensile strength above 60 N/mm2? Write down the obtained probability value. [answer_v]
Read DetailsRegarding product liability, when a seller or manufacturer f…
Regarding product liability, when a seller or manufacturer fails to warn the consumer of inherent dangers as well as foreseeable misuses of a product, there would most likely be a claim of __________________ if someone is injured.
Read DetailsA patient is in ICU after abdominal surgery. The surgeon is…
A patient is in ICU after abdominal surgery. The surgeon is concerned about a possible perforated bowel. The patient can’t stand or sit. Which of the following positions will best demonstrate any possible intra-abdominal free air?
Read DetailsAssume that the one-period spot interest rate is 3 percent a…
Assume that the one-period spot interest rate is 3 percent and the two-period spot interest rate is 6 percent. A two-period coupon-bearing bond has an annual coupon of $5.00 and par value of $100. Suppose that you buy this bond in the forward market for delivery one year from now. What should be its price?
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