Probability that the first person

Assignment Help Finance Basics
Reference no: EM131070051

Consider this problem. Please identify the type of distribution and explain how you would solve it. You many use Excel, Minitab, your TI-85, or you may hand compute the formula.

Solution will be posted on Friday.

Problem: 29% of Americans ages 16 to 21 years old say that they would break up with their boyfriend/girlfriend for $10,000. You select at random twenty 16-21 year olds. What is the probability that the first person who says he or she would break up for $10,000 is the fifth person asked?

Reference no: EM131070051

Questions Cloud

Discuss the similarities between the two organizations : Discuss the similarities and differences between the two organizations you selected on the characteristics above. Lastly, summarize what you learned about public organizations, and particularly.
Estimate the mean amount of ketchup in each bottle : How many bottles should be included in the sample if you want to estimate the true mean amount of ketchup to within 0.1 oz with 95% confidence?
Design route and assign aircraft effectively to minimize : Design route and assign aircraft effectively to minimize the number of the aircraft required for the flight schedule schedule, but also to maximize the total profit of the airline.
Develop a prototype using a scripting language : Develop a prototype using a scripting language, such as Ruby or Python, evaluate this prototype with software engineers and other stakeholders, then review the system requirements
Probability that the first person : 29% of Americans ages 16 to 21 years old say that they would break up with their boyfriend/girlfriend for $10,000. You select at random twenty 16-21 year olds. What is the probability that the first person who says he or she would break up for $10..
Write and execute a program in java using classes : Write and execute a program in Java using classes
What percent of package weigh : A cereal package is marked with "net weight 12oz." The actual weight has a normal distribution, with an average of 12 ounces and a standard deviation of 2.4 ounces. What percent of package weigh more than 10 ounces?
Indicators for using an anova : What are the indicators for using an ANOVA? Create a research scenario in which it would be correct to use an ANOVA, including the research question, sample size, and dependent and independent variables.
Discuss behavioral issue involved in merit incs cost dilemma : Discuss the behavioral issues involved in Merit Inc.'s standard cost dilemma. Evaluate each of the three responses (pros and cons) and recommend a course of action.

Reviews

Write a Review

Finance Basics Questions & Answers

  How much money do you have in the account

You just won $25,000 in the lottery. You decide you want to buy a sportscar. You don't want to buy the car now but want to wait for 5 years when you will be 25 and your insurance premiums will be affordable. You think you can earn 8% on the mo..

  Is there a significant difference between the proportion of

in a study to estimate the proportion of residents in a certain city and its suburbs who favor the construction of a

  Determine whether the forward rate is priced appropriately

Determine whether the forward rate is priced appropriately

  Suppose the quick towing company purchases a new tow truck

suppose the quick towing company purchases a new tow truck. the old truck had a book value of 1000 and was sold for

  Effective rate of interest

Regis Clothiers can borrow from its bank at 11 percent to take a cash discount. The terms of cash discount are 2/15, net 60. Should the firm borrow the funds?

  What is the 90-day forward rate

Assume that interest rate parity holds and that 90-day risk-free securities yield a nominal annual rate of 3% in the United States and a nominal annual rate of 35% in the United Kingdom. In the spot market, 1 pound $1.56.

  Using your findings in parts a and b discuss the impact of

hal thomas a 25-year-old college graduate wishes to retire at age 65. to supplement other sources of retirement income

  Formula hint the equation that relates levered and

jupiter incorporated is interested in acquiring mercury limited a privately held firm whose owner desires to retire.

  What are the most critical concepts involved with

what are the most critical concepts involved with successful capital structure patterns. can certain steps be

  Why th results are different at the different interest rate

whythe results are different at the different interest rates.

  Impact of accounting for operating leases

Issuance of SI par value common stock at an amount greater than par value and donation of land by a governmental unit to a corporation

  Abc co needs to acquire equipment at a cost of 2500000

abc co needs to acquire equipment at a cost of 2500000 includes set up costs of 225000 deemed to be capitalized

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd