Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

According to Harper's Index, 55% of all federal inmates are serving time for drug dealing. A random sample of 15 federal inmates is selected.

(a) What is the probability that 9 or more are serving time for drug dealing? (Use 3 decimal places.)

(b) What is the probability that 4 or fewer are serving time for drug dealing? (Use 3 decimal places.)

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92074354
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

A laboratory worker finds that the 3 of his blood samples

A laboratory worker finds that the 3% of his blood samples test positive for the HIV virus. In a random sample of 70 blood tests, what is the mean number that test positive for the HIV virus? (Round your answer to 1 deci ...

A lot contains 15 items and 6 are defective if two items

A lot contains 15 items and 6 are defective. If two items are drawn at random from the lot, without replacement, what is the probability there is exactly one non-defective? (Hint: You have to use both Multiplication and ...

1i which of the following characterizes a market ordera a

1) i. Which of the following characterizes a market order? a) A market order, which is considered a small order, is when 100 shares of a stock are ordered b) A market order is when the investor specifies the maximum pric ...

Te number of accidents in a day in town a is given by x

The number of accidents in a day in town A is given by X , and the number of accidents in a day in town B is given by  Y . The joint probability function for  X   and  Y Y is  f ( x , y )=964 x ! y !   for  x =0,1,2,3 an ...

Rand corporation has a 00 probability of a return of 06 a

Rand Corporation has a 0.0 probability of a return of 0.6, a 0.3 probability of a rate of return of 0.05, and the remaining probability of a 0.92 rate of return. What is the expected rate of return of Rand Corporation?

You are working for a large corporation and oversee a

You are working for a large corporation and oversee a marketing research project. For this study, your questionnaire length is 10 minutes and the incidence is 35%, yielding a CPI is $23.00. Your company requires all rese ...

A mortgage broker is offering a 188900 20-year mortgage

A mortgage broker is offering a $188,900 20-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 4.5 percent APR interest rate. After the second year, th ...

Jamie dimon changed the business model for jpmorgan chase

Jamie Dimon changed the business model for JPMorgan Chase in 2008. In the process, the bank gave enormous trading authority to one individual. What are the ERM strengths and weaknesses of this strategy?

What is the theory behind callable bonds and when are they

What is the theory behind callable bonds and when are they most likely to be called?

Five houses in a row are each to be painted with one of the

Five houses in a row are each to be painted with one of the colors? red, blue,? green, and yellow. In how many different ways can the houses be painted so that no two adjacent houses are of the same? color? Answer is 324 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As