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The J.O. Supplies Company buys calculators from a Korean supplier. The probability of a defective calculator is 10%. If 15 calculators are selected at random, what is the probability that 4 or more of the calculators will be defective?
Statistics and Probability, Statistics
A corporate bond is currently selling for $840. It has 5 years till maturity, 6% coupon, and YTM=10%. What is the par value?
On average, the parts from a supplier have a mean of 97.5 inches and a standard deviation of 6.1 inches. Find the probability that a randomly selected part from this supplier will have a value between 85.3 and 109.7 inch ...
Consider the binomial distribution where n = 11 and p = 0.05. Find the mean and standard deviation of this binomial distribution. The customers at a local appliance store are polled as they leave the store. Each is asked ...
A comitttee of 3 persons is selected at random from a group of 5 mathematicians and 8 physicists. What is the probability that one is a mathematician
Suppose you want to estimate the proportion of traditional college on your campus who own their own car. Based on some research on other campuses, you believe the proportion will be near 25%. What sample size is needed i ...
Mort is to pay off a loan of $75,000 with equal payments at the end of every month over 10 years (i.e., 120 months). The ANNUAL effective rate is 5%. Mort decides that he can actually manage to pay double the monthly pay ...
Borel wants to be a millionaire when he retires in 40 years. How much does he have to save each month if he can earn a 10% annual return? (round off all answers to 2 decimal places)
Consider projects A and B with the following cash flows: C0 C1 C2 C3 A -$29 $18 $18 B -$54 29 29 What is the profitability index of each project? (Do not round intermediate calculations. Round your answers to 2 decimal ...
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 ...
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?
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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