3.28 A financial analyst was asked to evaluate earnings prospects for seven corporations over the next year

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3.28 A financial analyst was asked to evaluate earnings prospects for seven corporations over the next year and to rank them in order of predicted earnings growth rates.

a. How many different rankings are possible?

b. If, in fact, a specific ordering is the result of a guess, what is the probability that this guess will turn out to be correct?

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Statistics For Business And Economics

ISBN: 9780273767060

8th Global Edition

Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne

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