For Traffic That Flows on a Highway, the Headway Is

question 65

Multiple Choice

For traffic that flows on a highway, the headway is the average time between vehicles. On four-lane highways, the probability P (as a decimal) that the headway is at least t seconds when there are 500 vehicles per hour traveling one way is given by P = 0.87^t. Under these circumstances, what is the probability that the headway is at least 15 seconds?

• A)13.05%
• B)12.38%
• C)11.45%
• D)10.55%

Understand the conditions and documentation required for hedge accounting under U.S. GAAP.

Analyze the impact of foreign currency fluctuations on U.S. companies involved in international transactions.

Comprehend the accounting treatments for forward contracts and options as hedges of foreign currency risks.

Identify the sources of foreign exchange risk and the authoritative literature governing hedges of such risks.

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