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Define probability using Normal approximation to the Binomial.
If x is a binomial random variable where n = 100 and p = .1 discovery the probability that x is less than or equal to 10 using the normal approximation to the binomial.
Statistics and Probability, Statistics
Wanda is going to Silver Dipper Ice Cream Shop to get a treat. She has 12 flavors of ice cream to choose from. There are 6 different types of toppings, and she may get her ice cream in a bowl, a regular cone, or a waffle ...
Kevin knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk premium. He also knows that the expected return on the market is 8.25 percent. What is the ex ...
For each scenario below, what is the appropriate statistical analysis to use? (t-test for two independent samples, t-test for dependent samples, ANOVA, or chi-square test of independence) and why? (a) A study was conduct ...
Boxes of sugar are filled by machine with considerable accuracy. The distribution of box weights is normal and has a mean of 32 ounces with a standard deviation of only 2 ounces. A quality control inspector takes a sampl ...
A new type of soft drink from Frackly Inc. is sold in 500 milliliter (ml) bottles. The mean volume of drink placed in a bottle is 490 ml with a standard deviation of 6.1 ml. Assuming a normal distribution of the data, wh ...
Interested in learning more about its fans, the marketing office of the Arena Football League (AFL) conducted a survey at one of its games. The survey had 952 respondents, 679 males and 273 females. Out of the 952 total ...
What is the sample size for studies with MOE of +/-3.5% and +/-2.8%, with a confidence level of 95%, sample statistics of 50. Suppose the category population was 7500 (less than 10,000)? Remember the FPC. What would be t ...
What are the benefits of a country having a positive Current Account and what are the benefits of a country having a negative Current Account?
Suppose a sample space has things a,b and c. Twice, draw from the sample space and replace. The possible sequences formed are {aa, ab, ac,ba,bb, bc,ca,cb,cc} Now suppose there are Y different things. There are Y ways the ...
1) Approximately 20% of corporate workforce are not happy with their immediate bosses. Suppose 10 workers working in corporates are randomly selected. a) What is the probability that everybody of them is happy with his i ...
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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 coupon bonds. Under what conditions will a coupon bond sell at a p
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 $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 for 19 years, given a discount rate of 6 percent per annum. As