Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

not sure how to complete these two questions? [15 points] a. Consider an investment scenario where you will be choosing a portfolio of three stocks

not sure how to complete these two questions?
image text in transcribed
[15 points] a. Consider an investment scenario where you will be choosing a portfolio of three stocks from a collection of five semiconductor stocks, four transportation stocks, two pharmaceutical stocks and two retail stocks. If the three stocks are chosen at random, what is the probability that the portfolio will be financially diverse? The investment portfolio will be considered financially diverse if it has at least two different industries represented in the portfolio [don't try manually. use excel builtin b. Many online portals now use 2-Factor Authentication. After you login with your username and password, a code is sent to your phone and you have to enter this code. Assume this code is six digits long. What is the likelihood that this code will consist of at least one repeated digit? (zero is a valid digit, meaning an authentication code could consist of all zeroes. Here are examples of authentication codes with repeated digits 000000,154443,112339,556688 ). [15 points] a. Consider an investment scenario where you will be choosing a portfolio of three stocks from a collection of five semiconductor stocks, four transportation stocks, two pharmaceutical stocks and two retail stocks. If the three stocks are chosen at random, what is the probability that the portfolio will be financially diverse? The investment portfolio will be considered financially diverse if it has at least two different industries represented in the portfolio [don't try manually. use excel builtin b. Many online portals now use 2-Factor Authentication. After you login with your username and password, a code is sent to your phone and you have to enter this code. Assume this code is six digits long. What is the likelihood that this code will consist of at least one repeated digit? (zero is a valid digit, meaning an authentication code could consist of all zeroes. Here are examples of authentication codes with repeated digits 000000,154443,112339,556688 )

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_2

Step: 3

blur-text-image_3

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

Public Finance Administration

Authors: B. J. Reed, John W. Swain

2nd Edition

0803974051, 978-0803974050

More Books

Students also viewed these Finance questions

Question

Describe how to train managers to coach employees. page 404

Answered: 1 week ago

Question

Discuss the steps in the development planning process. page 381

Answered: 1 week ago