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Find the probability utilizing the normal approximation to Binomial.
Consider a binomial distribution with 15 identical trials as well as a probability of success of 0.5. Use the usual approximation to find the probability that x = 2.
Statistics and Probability, Statistics
A firm requires an investment of $18,000 and will return $26,000 after one year. If the firm borrows $10,000 at 8% what is the return on levered equity?
1. A chemical supply company ships a certain solvent in 10-gallon drums. Let X represent the number of drums ordered by a randomly chosen customer. Assume X has the following probability mass function (pmf). The mean and ...
Suppose a soft drink company want to perform a taste test on 5 brands of diet cola. How many permutations are there for presenting 5 diet colas to test subjects?
Determine the sample size needed to construct a 90?% confidence interval to estimate the average GPA for the student population at a college with a margin of error equal to 0.5. Assume the standard deviation of the GPA f ...
A student is gathering data on the driving experiences of other college students. One of the variables measured is the type of car the student drives. These data are coded using the following method: 1 = subcompact, 2 = ...
The Everly Equipment Company's flange-lipping machine was purchased 5 years ago for $70,000. It had an expected life of 10 years when it was bought and its remaining depreciation is $7,000 per year for each year of its r ...
According to an? airline, flights on a certain route are on time 80% of the time. Suppose 13 flights are randomly selected and the number of?flights is recorded. ?a) Explain why this is a binomial experiment. ?b) Deter ...
Provide an example of population, parameter, sample, and census in a business research project. Why is it important to define the population clearly and precisely in a business research project?
In a survey of 3439 adults, 1418 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results.
Ryan Braun has just tested positive for Gorilla Growth hormone. You are his lawyer. Given the following information, do you think you could get him off? Explain your reasoning. P(positive test | drug use) = 0.99 P(positi ...
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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