Quota Problem: Financial Suppose you are a (junk) bond broker who buys only bonds that have a

Question:

Quota Problem: Financial Suppose you are a (junk)

bond broker who buys only bonds that have a 50%

chance of default. You want a portfolio with at least five bonds that do not default. You can dispose of the other bonds in the portfolio with no great loss. How many such bonds should you buy if you want to be 94.1% sure that five or more will not default?

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