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Author Question: Investment in new issues (the stock of newly formed companies) can be both suicidal and rewarding. ... (Read 48 times)

mckennatimberlake

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on: Jul 24, 2018
Investment in new issues (the stock of newly formed companies) can be both suicidal and rewarding. Suppose that of 500 newly formed companies in 2010, only 18 appeared to have outstanding prospects.
 
  Suppose that you had selected two of these 500 companies back in 2010. Find the probability that at least one of your companies had outstanding prospects. A) 0.0707735 B) 0.3581242 C) 0.9292265 D) 0.0347735

Question 2

The number of road construction projects that take place at any one time in a certain city follows a Poisson distribution with a mean of 5. Find the probability that exactly six road construction projects are currently taking place in this city.
 
  A) 0.146223 B) 0.322754 C) 0.072770 D) 0.160623


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nmyers

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Reply #1 on: Jul 24, 2018
Answer to Question 1

A

Answer to Question 2

A


mckennatimberlake

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Reply 2 on: Jul 24, 2018
Thanks for the timely response, appreciate it

dantucker

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Reply 3 on: Yesterday
Excellent

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