Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 19, 2024

Advance Technology Investment Bank installed A new FinTech program. Investors were trained in using the program. The Specialist responsible for the installation monitored the number

Advance Technology Investment Bank installed A new FinTech program. Investors were trained in using the program. The Specialist responsible for the installation monitored the number of investors using the programme. The investors can choose between using or not using the programme. The probability of using the programme is 30%.

a) What is the probability that 5 out of 31 investors will use the programme? (5 Marks)

b) The programme was installed in another geographic location, where 44 investors were surveyed. The probability of usage in the new location is 22%. What are the mean, variance, and standard deviation of programme usage? (7 Marks)

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

Intro Stats

Intro Stats

Authors: Richard D. De Veaux, Paul F. Velleman, David E. Bock

3rd edition

321533283, 321533289, 9780321463708, 9780321503848, 9780321503800, 9780321499431, 9780321499417, 978-0321500458

More Books

Students also viewed these Mathematics questions

Question

I need to see the SPSS output. You need to have all z-scores, all charts, all descriptives data from SPSS, everything you used to answer the questions. I am sending you what the previous tutor sent...

Answered: 1 week ago

Question

Good day Please assist me with assignment 2.please find the attached document with the assignment. FIN4801 2016 APPENDIX A: ASSIGNMENTS FOR 2016 Note: All calculations must be shown clearly...

Answered: 1 week ago

Question

Hi there, I need assistance in answering ASSIGNMENT 02. At least by 06th August. Thank you FIN4801 2016 APPENDIX A: ASSIGNMENTS FOR 2016 Note: All calculations must be shown clearly ASSIGNMENT 01...

Answered: 1 week ago

Question

★★★★★

Describe what this statement does: print user name = + userName

Answered: 1 week ago

Question

★★★★★

An insulated pistoncylinder device initially contains 0.3 m3 of carbon dioxide at 200 kPa and 27C. An electric switch is turned on, and a 110-V source supplies current to a resistance heater inside...

Answered: 1 week ago

Question

★★★★★

The traditional methods of cost allocation, cost apportionment and absorption into products are being challenged by some writers who claim that much information given to management is misleading when...

Answered: 1 week ago

Question

★★★★★

To what extent would you expect a graduate programs model of training (e.g., scientistpractitioner, practitioner-scholar, or clinical scientist) to influence the types of personality assessment tools...

Answered: 1 week ago

Question

★★★★★

The shelf supports the electric motor which has mass m 1 and mass center at Gm. The platform upon which it rests has mass m 2 and mass center at Gp. Assuming that a single bolt B holds the shelf up...

Answered: 1 week ago

Question

★★★★★

a ) Complete the general journal by recording the following operations carried out by Daron inc. in December 2 0 1 1 . On December 5 , 2 0 1 1 , write - off of a client's account which had become...

Answered: 1 week ago

Question

★★★★★

Pearce's Cricket Farm issued a 30-year , 8% semiannual bond 5 years ago. The bond currently sells for 93% of its face value. The company's tax rate is 25%. Assume the par value of the bond is $1.000....

Answered: 1 week ago

Question

★★★★★

Period Product A Product B Product C Product D Product E 1 96 107 164 168 217 2 98 94 156 200 190 3 103 98 161 194 184 4 97 100 155 177 196 5 104 95 152 172 185 6 96 106 155 195 208 7 103 102 153 193...

Answered: 1 week ago

Question

★★★★★

Using IRAC (Issue, Rule of law, Analysis, and Conclusion). In the case of Horizon Mills Corp v QVC Inc., much turned on the question how consumers would interpret the term "Slinky." Do you think the...

Answered: 1 week ago

Question

★★★★★

(1 point) Hydrocodone is a commonly prescribed pain killer. Given an initial dosage P0 mg of hydrocodone, the amount of hydrocodone affecting a patient's nervous system If hours after taking the drug...

Answered: 1 week ago

Question

★★★★★

Provide a complete solution to each question. Explain your idea using proper terminology. A motorist drives along a highway at an average speed of 124 km/h. The speed limit is 100 km/h. (a) If the...

Answered: 1 week ago

Question

★★★★★

Maxwells equations show that a. Electromagnetic waves move at the speed of light b. The fabric of space is curves by masses c. Force is mass times acceleration d. Regardless of the mass, all object...

Answered: 1 week ago

Question

★★★★★

1. For problem 17.3.a, what is the Return on Assets ratio? 2. For problem 17.3.a, what is the Current ratio? 3. For problem 17.3.a, what is the Days Cash on Hand? 4. For problem 17.3.a, what is the...

Answered: 1 week ago

Question

★★★★★

Prove the result that the R 2 associated with a restricted least squares estimator is never larger than that associated with the unrestricted least squares estimator. Conclude that imposing...

Answered: 1 week ago

Question

★★★★★

8. From which rows in the data file do the outlying scores come from? a) 1, 5, 30 b) 3, 5, 8 c) 1, 7, 12 d) We cant tell from the box-plots which rows the outliers are from Number of filings 30- 25-...

Answered: 1 week ago

Question

★★★★★

9. Which set of scores has the highest median? a) Brushing_Flossing b) Flossing_only c) The medians are equal d) We cant tell about the medians from this box-plot Number of filings 30- 25- 7 20 20 15...

Answered: 1 week ago

Question

★★★★★

10. Which of the sets of scores has the greater variability? a) Flossing_only b) Brushing_Flossing c) The variability is approximately the same d) We cannot tell about the variability of scores from...

Answered: 1 week ago

Previous Question Next Question