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An american association of individual investors aaii survey

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Reference no: EM13611910

An American Association of Individual Investors (AAII) survey found that 23% of AAII members had purchased shares of stock directly through an initial public offering (IPO). In a sample of 12 AAII members,

a) What is the probability that exactly 3 members had purchased IPO's?

b) What is the probability that at least one member has purchased IPO's?

c) What is the probability that two or more members have purchased IPO's?

Reference no: EM13611910

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