Determine the probability that all 5 lose money

Reference no: EM131400413

The Department of Agriculture of the United States reports that 75% of all people who invest in the futures market lose money. Based on the binomial probability function, with n = 5, determine

(a) the probability that all 5 lose money.

(b) the probability that all 5 make money.

Reference no: EM131400413

Questions Cloud

Find the number of tubes for this transformer : The full load loss = 13.1 kW, loss dissipation due to radiations = 6 W / m2-°C, loss dissipation due to convection = 6.5 W / m2°C, improvement in convection due to provision of tubes = 40%, temperature rise = 40°C, length of each tube = 1m, diamet..

Immigration and federal loan discounts : During his first 10 days in office, President Trump signed more than 15 Executive Orders involving issues ranging from Health Care to Trade to Immigration and Federal Loan Discounts.

What is the probability of head on the tenth flip : Imagine that the probability of head when flipping a coin is given by the binomial probability function with p = .5. (So the outcomes are independent.) If you flip the coin nine times and get nine heads, what is the probability of head on the tent..

Schools or theories of management : We have read about many different "schools" or theories of management, ranging from Maslow to Bureaucracies to Scientific Management - and several more. We have also referenced the growing influence of Millennials in the workplace.

Determine the probability that all 5 lose money : Determine the probability that all 5 lose money.- the probability that all 5 make money.- the probability that at least 2 lose money.

Determining the employee experience : Analyze the following trends in HR over the last 10 years in 1,050 words: Employee experience (culture, work-life), engagement

How families affect a child socialization : How families affect a child's socialization to include forming biases and The schools can effectively provide socialization to children

Watch the video-fusion centers in florida : Watch this YouTube video Fusion Centers. Afterwards, post your thoughts on what a Fusion Center is and what do they do. Since their inception after 9/11, do you think they have been an effective solution to the improvement of information sharing w..

Practices to prevent fraud and abuse : In your post, critique legal and ethical practices to prevent fraud and abuse. Have the practices been effective in reducing or preventing fraud and abuse? How does fraud and abuse impact the costs of healthcare?

User Account

All Pages