Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Directions: Complete the following questions. The most important part of statistics is the thought process, so make sure that you explain your answers (and show your work), but be careful with statistics. The following statistics/probability problems may intrigue you and you may be surprised. The answers are not always as you might think.

1. There are 17 people at a party. Explain what the probability is that any two of them share the same birthday. [Show your work]

2. A cold and flu study is looking at how two different medications work on sore throats and fever: [Show your work]

  • Sore throat - Medication A: Success rate - 90% (101 out of 112 trials were successful)
  • Sore throat - Medication B: Success rate - 83% (252 out of 305 trials were successful)
  • Fever - Medication A: Success rate - 71% (205 out of 288 trials were successful)
  • Fever - Medication B: Success rate - 68% (65 out of 95 trials were successful)

Analyze the data and explain which one would be the better medication for both a sore throat and a fever.

3. The United States employed a statistician to examine damaged planes returning from bombing missions over Germany in World War II. He found that the number of returned planes that had damage to the fuselage was far greater than those that had damage to the engines. His recommendation was to enhance the reinforcement of the engines rather than the fuselages. If damage to the fuselage was far more common, explain why he made this recommendation.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91794401
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Basic Finance

Magenta corporation wants to raise 508 million in a

Magenta corporation wants to raise 50.8 million in a seasoned equity offering, net of all fees. Magenta stock currently sells for $14 per share. The underwriters will require a spread of $.50 per share, and indicate that ...

What effect would a change in the debt to equity ratio have

What effect would a change in the debt to equity ratio have on the weighted average cost of capital and the cost of equity capital of the firm?

How much would you pay for a share of preferred stock that

How much would you pay for a share of preferred stock that pays a $3.25 dividend and your required return for an investment of this kind is 7%?

Skyline corp will invest 270000 in a project that will not

Skyline Corp. will invest $270,000 in a project that will not begin to produce returns until the end of the 3rd year. From the end of the 3rd year until the end of the 12th year (10 periods), the annual cash flow will be ...

Question -1 go to treasurydirect website and find the

Question - 1. Go to TreasuryDirect website and find the competitive auction results for the 9 year 11 month Treasury Notes that were auctioned on 9/12/2017 and identify the price plus accrued interest that successful bid ...

Question financial ratios analysis and comparison

Question: Financial Ratios Analysis and Comparison Paper Prior to completing this assignment, review Chapter 10 and 12 in your course text. You are a mid-level manager in a health care organization and you have been aske ...

What is net present value in terms of evaluating a project

What is Net Present Value in terms of evaluating a project? What is better NPV or Internal Rate of Return when evaluating?

You invested 12000 in a stock that has an expected return

You invested $12,000 in a stock that has an expected return of 18% and $21,000 in a stock with an expected return of 10%. What is the portfolio's expected return?

Louise mcintyres monthly gross income is 3600 her employer

Louise McIntyre's monthly gross income is $3,600. Her employer withholds $760 in federal, state, and local income taxes and $310 in Social Security taxes per month. Louise contributes $160 each month for her IRA. Her mon ...

Project failure rates can be high and one contributing

Project failure rates can be high and one contributing factor can be the failure to plan. Seewhy projects fail, and find one resource that outlines how planning projects contributed to project failure. whatsyour perspect ...

  • 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