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25% of Americans have a college degree (US Sensus Bureau, 2002). Five people are randomly selected. Let the random variable X be the number of people who have a college degree.
a. Explain why X is a binomial random variable. Identify n (number of trials) and p (probability of success)
b. What is the probability that exactly 2 people have a college degree?
c. What is the probability that at least 4 people don't have a college degree?
d. Find the mean and standard deviation
What is economic fluctuation, inflation and causes of unemployment that would affect sales of iPhone 6 Plus from Apple Inc. Economic fluctuations
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Project L costs $60,000, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 11%. What is the project's payback?
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Winston Clinic is evaluating a project that costs $52,125 and has expected net cash flows of $12,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12 percent.
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Greshak's Corp. forecast its free cash to be -$8.0, $10.0, $20.0 and $25.0 in the next for years (amounts in millions) If the company's weighted average
How are the target-firm shareholders harmed by such actions? Explain.
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hook industries capital structure consists solely of debt and common equity. it can issue debt at rd11 and its common
A bond matures in 25 years, but is callable in 9 years at 125. The call premium decreases by 3 percent of par per year. If the bond is called in 15 years, how much will you receive as a percentage of par?
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