What is the probability that all own savings bonds

Reference no: EM131424475

Economics and Finance

Many Americans use savings bonds to supplement retirement funds or to pay for qualified higher-education expenses. The U.S. Treasury even sells savings bonds online. Approximately one in every six Americans owns savings bonds.48 Suppose four Americans are randomly selected.

a. What is the probability that all own savings bonds?

b. What is the probability that none of the four owns savings bonds?

c. What is the probability that exactly two of the four own savings bonds?

Reference no: EM131424475

Questions Cloud

What is the probability that the seed will germinate : What is the probability that the growing season will be dry and the seed will germinate?- What is the probability that the seed will germinate?

Identify strengths and weaknesses of the company : Identify strengths and weaknesses of the company/brand as it exists today. What does the company/brand do well and not so well at this very moment?

What is the role of switching in internet : 1. What is the role of Switching in Internet? 2. Discuss about the TCP/IP PROTOCOL SUITE and Principles of Protocol Layering. 3. Describe the Multiplexing and Demultiplexing

What the articles you have selected say about the theme : What the articles you have selected say about the theme. Where do they agree? Where do they disagree?Now that you have reviewed at least four sources on this theme (our textbook and the three articles), what is your perspective?

What is the probability that all own savings bonds : What is the probability that all own savings bonds?- What is the probability that none of the four owns savings bonds?

Describe the product subject to recall : Describe the product subject to recall, including the recall date, recall number, and the reason for the recall.

Best practices for managing cloud resources : Describe some of the best practices for managing cloud resources to prevent data loss, security breaches, and adequate performance. In addition, elaborate on the potential pitfalls of not properly managing cloud computing. Research and provide rea..

Implementation of environmental : It is important to choose one location that appears to you on the surface to be a destination that strongly embraces sustainable tourism principles, and then another one that does not.

What is probability that person has tried an herbal remedy : What is the probability that the person has tried an herbal remedy, given that the highest degree earned is from college?- If the person has not tried an herbal remedy, what is the probability that the highest degree earned is from high school?

User Account

All Pages