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 512 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
YES! Correct, THANKS for helping me on my review

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Transmission of autosomal dominant disorders (50% chance for an affected child). Transmission of autosomal dominant disorders (50% chance for an affected child).
Sensation-seeking and risky behaviours may help teens achieve peer acceptance Sensation-seeking and risky behaviours may help teens achieve peer acceptance
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
ADHD (Stock photo) ADHD (Stock photo)
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library