This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Investing is a game of chance. Suppose there is a 36 chance that a risky stock investment will end ... (Read 470 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Jul 24, 2018
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
Reply #1 on: Jul 24, 2018
Answer to Question 1

A

Answer to Question 2

A


beccaep

  • Member
  • Posts: 535
Reply 2 on: Jul 24, 2018
:D TYSM

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Steel-toed shoes are a worthwhile investment to help prevent foot injury due to falling objects. ... Steel-toed shoes are a worthwhile investment to help prevent foot injury due to falling objects. ...
Apple's Game Console Apple's Game Console
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library