Correctly answer exactly six questions

Assignment Help Basic Statistics

Reference no: EM131050266

A student randomly guesses at a 12-question, multiple-choice test where each question has 5 choices. What is the probability that the student will correctly answer exactly six questions?

Reference no: EM131050266

Questions Cloud

Financial institutions to hedge can decrease risk : The use of financial derivatives by financial institutions to hedge can decrease risk. However, they can also increase risk. Which of the following examples illustrates this?

The price of put option with the same exercise price : A stock is currently selling for $72 per share. A call option with an exercise price of $75 sells for $3.60 and expires in three months. If the risk-free rate of interest is 3.2 percent per year, compounded continuously, what is the price of a put op..

What single or quoted rate : Bank A pays 8 % interest compounded quarterly on your money market account . B bank managers want the tax on this money market account is equal to the effective annual rate of bank A, but interest will be compounded monthly. What single or quoted ..

Affected if outside debt financing is used instead of equity : Mike Bloom has just received a golden handshake of $5 million from his former partners. His plan is to use the money to start a new financial information service, and he is willing to invest all of the money, if necessary. His goal is to realize an a..

Correctly answer exactly six questions : A student randomly guesses at a 12-question, multiple-choice test where each question has 5 choices. What is the probability that the student will correctly answer exactly six questions?

Rate of risk-free yield : ZR Corporation has a beta coefficient 1.8 dea and required rate of return of 16 %. If the expected market return is 10 % , what is the rate of risk-free yield , RRF?

How much would you remain at the end of six years : The cost of an automobile is $10,000. If the interest rate is 5%, how much would you have to set aside now to provide this sum in five years? You have invested $60,476 at 8%. After paying the above school fees, how much would you remain at the end of..

Amount of quarterly payments on the loan : If the first payment is due within three months (one quarter) after buying the car , what is the amount of quarterly payments on the loan will be Sue?

Six of his next eight free-throw attempts : Michael Jordan makes 80 percent of his free throws. What is the probability that he will make at least six of his next eight free-throw attempts?

User Account

All Pages