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Probability based on deck of cards.
Find out the probability of getting 4 consecutive aces when four cards are drawn without replacement from a standard deck of 52 playing cards.
Statistics and Probability, Statistics
A pharmaceutical company claims that the average cold lasts an average of 8.4 days. They are using this as a basis to test new medicines designed to shorten the length of colds. A random sample of 106 people with colds, ...
You have observed the following returns over time: Year BMG Market 1990 18% 13% 1991 4% 8% 1992 -12% 3% 1993 16% 10% 1994 18% 11% What is the beta for BMG?
Assuming that the bank wants Assets with High Yields and Liabilities with Low Costs then what decisions would the bank make for the Interest Rates on both Loans (Fixed Rate Corporate, Floating Rate Corporate, Installment ...
Let X be a random variable with range RX = {-1, 0, 1} and let P(X = 1) = P(X = -1) = p/2 for some p ∈ [0, 1]. a) Compute P(X = 0). b) Compute the expectation E[X] and variance Var(X) of X as a function of p, and determin ...
Question: Suppose you have applied to three graduate schools: A, B, and C. The odds of getting into A are 20%, into B are 40%, and into C are 60%. What is the probability you get rejected at all three schools? Get accept ...
The height of woman ages 20-29 is normally distributed , with a mean of 64.3 inches. assuming the standard diviation = 2.4 inches. are you more likely to randomly select 1 woman with a height less than 66.2 inches or are ...
In 20% of families the father has celiac disease (Event F) while the mother does not, in 15% of families the mother has celiac disease (Event M) and the father does not, and in 5% of families both the mother and the fath ...
A study shows that 81% of the population of all calculus students consider calculus an exciting subject. Suppose 34 students are independently selected from the population. If the true percentage is really 81%, find the ...
What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?
Stock Valuation Suppose you know that a company's stock currently sells for $72 per share and the required return on the stock is 11.5 percent. You also know that the total return on the stock is evenly divided between a ...
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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