This topic contains a solution. Click here to go to the answer

Author Question: Investing is a game of chance. Suppose there is a 36 chance that a risky stock investment will end ... (Read 499 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
Investing is a game of chance. Suppose there is a 36 chance that a risky stock investment will end up in a total loss of your investment. Because the rewards are so high, you decide to invest in five independent risky stocks.
 
  Find the probability that at least one of your five investments becomes a total loss. Round to the nearest ten-thousandth when necessary. A) 0.8926 B) 0.302 C) 0.0604 D) 0.006

Question 2

An online retailer receives an average of five orders per 500 hits on its website. If it gets 100 hits on its website, find the probability of receiving at least two orders. Use the Poisson distribution.
 
  A) 0.2642 B) 0.1839 C) 0.9048 D) 0.9596



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

A

Answer to Question 2

A




beccaep

  • Member
  • Posts: 535
Reply 2 on: Jul 24, 2018
Wow, this really help


anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

For a complete list of videos, visit our video library