Author Question: Investing is a game of chance. Suppose there is a 36 chance that a risky stock investment will end ... (Read 517 times)

beccaep · **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