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1. A very large pool consists of 23% Democrats, 36% Republicans, and the rest independents. What is the probability that none are independents if 10 are selected at random?
2. A weighted coin with Pr[H]=0.3 is flipped 3 times. What is the probability the first and third flips are heads?
3. Suppose box A contains 2 red balls and 4 blue balls and box B contains 5 red balls and 3 blue ball. An experiment consists of drawing a ball from box A and then putting it in box B. A ball is then drawn from box B. What is the probability the first ball drawn was red given the second ball drawn was red?
4. Three people are selected for a committee from 5 Democrats and 4 Republicans. What is the probability the committee contains both Democrats and Republicans given that it contains at least two Democrats?
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 ..
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