Find probability client will increase value over next year

Reference no: EM13146160

Suppose a stockbroker has recommended 8 stocks to a client. The client chooses to invest in 4 of these stocks at random. If five of the recommended stocks will increase in value over the next year, determine the probability that at least half of the stocks selected by the client will increase in value over the next year. Explain.

Reference no: EM13146160

Questions Cloud

The manufacturing of computer chips cylinders of silicon : In the manufacturing of computer chips cylinders of silicon are cut into thin wafers that are 3.00 inches in diameter and have a mass of 1.50 g of silicon

Category-liquidity-profitability and solvency : Select three ratios, one from each category-liquidity, profitability, and solvency-you think are the most important. Why do you consider these ratios important? Which internal and external users might be most interested in these ratios? Explain wh..

Shares of common stock with a par value : 13,000 shares of common stock with a par value of $50 per share are issued in exchange for land and buildings. The property has been appraised at a fair market value of $810,000, of which $180,000 has been allocated to land and $630,000 to buildin..

Explain four different evidences of evolution of modern day : Briefly explain four different evidences of evolution of modern day organisms from a common ancestor. Present these ideas with an approximate timeline of major evolutionary events.

Find probability client will increase value over next year : If five of the recommended stocks will increase in value over the next year, determine the probability that at least half of the stocks selected by the client will increase in value over the next year. Explain.

Weather forecasting and scales of motion in the atmosphere : What does RECC and SCWE stand for? Draw the isobars in a thermal circulation and label pressures and wind directions.

Find out what is the area : Use metric conversion factors to solve the following problem. A park has an area of 150000 m^2. What is the area in km^2?

What is the difference between bacterial, animal : What is the difference between bacterial, animal and plant cells in terms of their structure, function and evolutionary aspects?

Different types of general ledger accounts : Which of the following statements is true regarding the different types of general ledger accounts?

User Account

All Pages