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Q5: [15] Stock Market Investing in the stock market requires a great deal of analysis. Generally, amateur investors simply guess when they invest in. Assuming

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Q5: [15] Stock Market Investing in the stock market requires a great deal of analysis. Generally, amateur investors simply guess when they invest in. Assuming that stocks come in two varieties, 'Good' and 'Bad' and every time one invests in a new stock, the investment has the same probability of 0.3 that it will a 'Good' one. (a) [2]If an amateur investor invests in 10 stocks, what will be the long term average and standard deviation of the number of 'Good' stocks? (b) [5]If the amateur investor wants to calculate the probability that he will have invested in at least 3 'Good' stocks, what value should (s)he obtain? (c) (5]What is the probability that the investor will invest in less than 2 'Bad' stocks? (d) (3)Calculate the probabilities of part (b) and (c) using MINITAB and include the MINITAB output here. Do you have the same results

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