What is the probability that bill guessed 7 of the 10

Assignment Help Finance Basics
Reference no: EM132043825

Bill has completed a 10-question multiple- choice test on which he answered 7 questions correctly. Each question had one correct answer to be chosen from five alternatives. Bill says that he answered the test by randomly guessing the answers without reading the questions or answers. Define the random variable x to be the number of correct answers on this test, and construct the probability distribution if the answers were obtained by random guessing. What is the probability that Bill guessed 7 of the 10 answers correctly?

Reference no: EM132043825

Questions Cloud

Identify three steps required for implementing program : Identify three steps required for implementing a physical and environmental security program.
Prepare a sales budget for the first three months : Required: Prepare a sales budget for the first three months of the coming year, showing units and sales revenue by month and in total for the quarter
Perform the hypothesis test and upload the excel file : Use Excel to perform the hypothesis test and upload the Excel file.
Identify any negative or unintended program outcomes : Identify and explain the findings that concluded the program was effective in meeting its intended goals.
What is the probability that bill guessed 7 of the 10 : Define the random variable x to be the number of correct answers on this test, and construct the probability distribution if the answers were obtained by random
Determine should you take the offer : You have just won the lottery. You will receive $2,450,000 today, and then receive 40 payments of $1,225,000 These payments will start one year from now.
Evenings all those wishing to sit in children allowed : How many seats should be in the " children allowed" area so that on 99% of evenings all those wishing to sit in a "children allowed
Analyze the social contract theory of john locke : Analyze the social contract theory of John Locke and how the values identified are consistent with the criminal justice system.
What is the probability that fewer than 15 die : a. If the insecticide really kills 80% of the exposed insects, what is the probability that fewer than 15 die?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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