A team of 5 analysts is about to examine the earnings prospects of 20 corporations. Each of

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A team of 5 analysts is about to examine the earnings prospects of 20 corporations. Each of the 5 analysts will study 4 of the corporations. These analysts are not equally competent. In fact, one of them is a star, having an excellent record of anticipating changing trends.

Ideally, management would like to allocate the 4 corporations whose earnings will deviate most from past trends to this analyst. However, lacking this information, management allocates corporations to analysts randomly. What is the probability that at least 2 of the 4 corporations whose earnings will deviate most from past trends are allocated to the star analyst?

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Statistics For Business And Economics

ISBN: 9781292436845

10th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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