Determine probability that none of andersons will be chosen

Reference no: EM131404118

In the town of Hickoryville, an adult citizen has a 1% chance of being selected for jury duty next year. If jury members are selected at random, and the Anderson family includes three adults, determine the probability that

a. none of the Andersons will be chosen.

b. exactly one of the Andersons will be chosen.

c. exactly two of the Andersons will be chosen.

d. all three Andersons will be chosen.

Reference no: EM131404118

Questions Cloud

Design a swap that will net a bank, acting as intermediary : Design a swap that will net a bank, acting as intermediary, 10 basis points per annum and that will produce a gain of 15 basis points per annum for each of the two companies.

Determine probability that none will receive a movie coupon : For the five servers, determine the probability that none will receive a movie coupon.- two of the five will receive a coupon.

Estimate the two-and three- year libor zero rates : Tow- and three-year swap rates (expressed with annual compounding) are 11% and 12% per annum. Estimate the two-and three- year LIBOR zero rates.

How can swaps be used to offset the risk : A bank finds that its assets are not matched with its liabilities. It is taking floating-rate deposits and making fixed-rate loans. How can swaps be used to offset the risk?

Determine probability that none of andersons will be chosen : If jury members are selected at random, and the Anderson family includes three adults, determine the probability that none of the Andersons will be chosen.

What is probability that at least 3 of the 5 will graduate : If five players are randomly selected from the entire population of Division I-A football players, what is the probability that at least 3 of the 5 will graduate?

How you will handle the concerns of current employees : You are the senior Human Resources representative in a large organization with locations throughout the United States. The company has a long history of taking conservative views or positions on social issues. However, as economic compression stre..

What is the cost to the financial institution : What is the cost to the financial institution? Assume that, at the end of year 6, the interest rate is 3% per annum in Swiss francs and 8% per annum in U.S. dollars for all maturities. All interest rates are quoted with annual compounding.

What is probability that no more than 3 of them drink coffee : For a randomly selected group of 4 adult workers, what is the probability that no more than 3 of them drink coffee at least occasionally while on the job?

User Account

All Pages