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What is the probability you will win any money in the state lottery and the probability that you will win at least $100, if the payoff for $2.00 is 0.0200; $25.00 is 0.0100; $100 is 0.0050; $500 is 0.0010; $5000 si 0.0005 and $10,000 is 0.0001?
Statistics and Probability, Statistics
You invested $7,900 one year ago. Today it is worth $8,654.90. What annual rate of interest did you earn? [use annual compounding]
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
Last year Galaxy Corp had $350,000 of assets (which is equal to its total invested capital), $475,000 of sales, $30,250 of net income, and a debt-to-capital ratio of 40%. The new CFO believes the firm has excessive fixed ...
The National safety council reported that 52% of American turnpike drivers are men. A sample of 300 cars traveling southbound on the New Jersey Turnpike yesterday revealed that 170 were driven by men. At a 99% level of c ...
The random variable X takes on the values 5, 20, 30, and 200 with probabilites 0.60, 0.30, 0.08, and 0.02 respectively. Use the statistical capacity of your calculator to find the expected value of X rounded to one p ...
Out of 350 applicants for a job, 158 are female and 66 are female and have a graduate degree. Step 1 of 2: What is the probability that a randomly chosen applicant has a graduate degree, given that they are female? Expr ...
The P-value for a two-sided test of the null hypothesis H0: μ = 50 is 0.035. Does the 95% confidence interval include the value 50? Why? Does the 99% confidence interval include the value 50? Why?
When Carolina's house burned down, she lost household items worth a total of $145,000. Her house was insured for $245,000, and her homeowner's policy provided coverage for personal belongings up to 70 percent of the insu ...
An insurance company will pay Dave $220,000 (the market value of the house) should his house be destroyed by fire during the year. In return, Dave pays the insurance company $1280 that year (called the "premium") for tha ...
On the production line the company finds that 95.6% of products are made correctly. You are responsible for quality control and take batches of 30 products from the line and test them. What number of the 30 being incorre ...
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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