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Question - You are asked to match three songs with the performers who made those songs famous. If you guess, the probability distribution for the number of correct matches is:
Probability
0.408
0.380
0.015
0.197
Number correct
0
1
2
3
Required -
1. What is the probability you will get:
a. Exactly one correct?
b. At least one correct?
c. Exactly two correct?
d. Compute the mean, variance, and standard deviation of this distribution.
Assume that the bonds are selling for $1,150.00. Determine the current yield and the yield-to-maturity. Explain what these terms mean.
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