Determine the probability that all five lose money

Reference no: EM131391561

1. Determine P(µ - σ ≤ X ≤ µ + σ) for the probability function

x:	1	2	3	4
P(x):	.2,	.4,	.3,	.1

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

(a) The probability that all five lose money.

(b) The probability that all five make money.

Reference no: EM131391561

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