FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A survey showed that 40% of investors invest in at least two companies in order to diversify their risk. Let X be the random variable

image text in transcribed

A survey showed that 40% of investors invest in at least two companies in order to diversify their risk. Let X be the random variable denoting the number of investors who have invested in more than one company in a random sample of 300 investors. (i) Determine the distribution of X. [2] (ii) Calculate an approximate probability that X is greater than 100. [2] [Total 4]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Auditing Measuring Inputs, Outputs, And Outcomes

Performance Auditing Measuring Inputs, Outputs, And Outcomes

Authors: Stephen L. Morgan, Ronell B. Raaum, Colleen G. Waring

3rd Edition

0894139762, 9780894139765

More Books

Students also viewed these Accounting questions

Question

★★★★★
Tabard Industries forecasted the following demand for one of its most profitable products for the next 8 weeks: 20, 120, 120, 100, 100, 100, 80, and 80 units. The booked customer orders for this...

Answered: 1 week ago

Question

★★★★★
A spring is used to stop a 200-lb package which is moving down a 20? incline. The spring has a constant k = 125 lb/in. and is held by cables so that it is initially compressed 6 in. Knowing that the...

Answered: 1 week ago

Question

★★★★★
The information refers to a paired-difference experiment. Analyze the data using the Wilcoxon signed-rank test. State the null and alternative hypotheses to be tested and calculate the test...

Answered: 1 week ago

Question

★★★★★
STATEMENT OF CASH FLOWS Refer to Problem 23-9A. The following additional information was obtained from Muellers financial statements and auxiliary records for the year ended December 31, 20-2:...

Answered: 1 week ago

Question

★★★★★
We will derive a two - state put option value in this problem. Data: S 0 = 9 0 ; X = 1 0 0 ; 1 + r = 1 . 1 0 . The two possibilities for ST are 1 3 0 and 7 0 . a . What is the hedge ratio of the put?...

Answered: 1 week ago

Question

★★★★★
Consider the system below gb, + as +b, GS = The gain of the system is unity. The overshoot is 4% and settling time is 6s. A proportional controller k, is designed for this system. Determine the...

Answered: 1 week ago

Question

★★★★★
Question: Over the last 6 months, you have received numerous complaints from guests and staff that the property management computer system (PMS) is slow, crashes regularly, causes long check-in...

Answered: 1 week ago

Question

★★★★★
1. The Jonestown Hideaway Resort hosts hundreds of weddings each year in its sprawling event center. In order to offer wedding parties an all-inclusive experience, they currently have a dedicated...

Answered: 1 week ago

Question

★★★★★
Selected accounts from WooHoo Company's adjusted trial balance for the year ended December 31 follow. Notes payable (due in 5 years) Accounts payable Bonds payable (due in 10 years) Machinery $ 4,200...

Answered: 1 week ago

Question

★★★★★
Classic hand pumps work by sucking air out and creating a vacuum the top of the pipe, which will drive the fluid up the pipe. In fact, it is similar to how we use a straw to drink liquids. What is...

Answered: 1 week ago

Question

★★★★★
You are planning to put up your own business. At that time, the craze was all about the Rubik's Cube. You are not sure if this will continue to be popular. Questions: Going back to the story, will...

Answered: 1 week ago

Question

★★★★★
Describe how to get and give criticism effectively.

Answered: 1 week ago

Question

★★★★★
Define the following 14 key terms throughout the chapter identified in bold with their definition in italic font. They are listed at the end of the chapter.

Answered: 1 week ago

Question

★★★★★
Define the 12 key terms throughout the chapter identified in bold with their definition in italic font. They are listed at the end of the chapter.

Answered: 1 week ago

Previous Question Next Question