You are a financial analyst facing the task of selecting bond mutual funds to purchase for a client's portfolio . You have narrowed the funds to be selected to ten different funds . In order to diversify your client's portfolio , you will recommend the purchase of four different funds . Six of the funds are short term corporate bond funds . What is the probability that of the four funds selected three are short - term corporate bond funds ?

Q: Dystopia county has three bridges. In the next year, the Elder bridge has a 14% chance of collapse,…

A:

Q: 5. At Jaxlyn's Garage, 200 cars were inspected and repaired. There were 92 cars that needed new…

A: Probability of an event is computed by taking the ratio of number of favourable outcomes of the…

Q: Richie’s Insurance Company offers a $250,000 life insurance policy for a premium of $750 per year.…

A: Expected value :- E(X) = ∑xP(x)

Q: A surprise gift bag contains assorted cosmetic items including 2 lipstick, 3 lip-glosses, 2…

A: From a large sample of set, the number of possible sample taken is calculate using combination. The…

Q: The cost of car insurance is OR 40 per year. The policy of the company is to stop the insurance of a…

A: It is an important part of statistics. It is widely used.

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong,…

A:

Q: You are helping your parents decorate for Christmas. There is a box of 20 light bulbs, and the…

A: Binomial distribution is discrete distribution that deals with the probabilities of success and…

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains strong,…

A: From the provided information, Profit when economy remains strong = $60,000 Profit when economy grow…

Q: A system is made up of two components connected in parallel. The system works if at least one…

A: The probability that any components are not working will be: p=1-0.35   =0.65

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains strong,…

A: Random variables are of 2 types, discrete and continuous. A discrete random variable can only take…

Q: A company receives 30% of its shipments from source A and the rest from source B. For source A, the…

A: Let S1 denotes the event that a randomly selected shipment is from source A and S2 denotes the event…

Q: There is a 72% chance you will be able to get tickets to a concert to see your favorite band in the…

A: Given problem Given that   There is a 72% chance you will be able to get tickets to a concert to…

Q: Over the last 12 years, the hurdle or discount rate for projects from the firm’s research and…

A:

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains strong,…

A: Let X be a discrete random variable. They can take any values,x1,x2...........xn, with probability…

Q: Emily has $10000 to invest in Apple stock. In the next month, the stock has a 30% chance of gaining…

A: Total amount for investment = $10000.The probability distribution for the provided data is:

Q: At a local​ college, four sections of economics are taught during the day and two sections are…

A:

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong,…

A: Expected profit    E(x) = Σx.P(x)

Q: anges cost $5 and sells for $15. If there are any cases of mandarin oranges not y are sold to a…

A: Answer:

Q: Donald is watching an old game show rerun on television called Let’s Make a Deal in which the…

A: Given data Gag prize = $120 World trip = $8100 Probability of choosing a gag price = 0.75 x…

Q: Imagine you are betting on a horse race. Say you bet on horse #3 to win first place and horse #12 to…

A: Given that there are 20 horses.  The first horse can be selected in 20 ways and the second horse can…

Q: n investment counselor calls with a hot stock tip. He believes that if the economy remains strong,…

A: Given  the investment will result in a profit of $30,000. If the economy grows at a moderate pace,…

Q: Out of 800 families with four children each, what percentage would be expected to have no girls?…

A: Given that, Out of 800 families with four children each and  boys and girls are equally likely to…

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong,…

A:

Q: shows that 95% of submachine gun buyers purchase a box of bullets. What is the probability that a…

A: Here Given P(P)=Probability Personnel buy Pistol=0.85 P(G)=Probability that Personnel  buy  Gun=0.15…

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains strong,…

A: From the provided information,If economy remains strong, the investment will result in a profit of…

Q: the sales manager knows that 36% of his clients do not pay their debts in full. He supposes that he…

A:

Q: Avicenna, a major insurance company, offers five-year life insurance policies to 65-year-olds. If…

A:

Q: If she calls 10 investors, what is the probability that exactly 6 will be interested to invest in…

A: Let p be the probability that a investor invests in new technology. Given that p = 0.183 Let X…

Q: Dystopia county has three bridges. In the next year, the Elder bridge has a 11% chance of collapse,…

A: let  P(A)=Probability that Elder bridge has a chance of collapse=0.19 so, P(A)=1-0.11=0.89…

Q: A car insurance company has high-risk, medium-risk, and low-risk clients, who have, respectively,…

A: A car insurance company has high-risk, medium-risk, and low-risk clients, who have, respectively,…

Q: An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong,…

A: It is given that an economist who believes there is a 20​% probability the economy will remain​…

Q: Performance Task. Answer the following problems. Show your solutions. 1. Of 240 students, 176 are on…

A: It is given that  Total number of students = 240 Number of students are on honour roll = 176 Number…

Q: Suppose you are a broker (of junk bonds) who buys only bonds that have a 55% chance of not…

A: Introduction: Denote X as the number of bonds that will not default, among n bonds in a portfolio.…

Q: To generate leads for new business, Gustin Investment Services offers free financial planning…

A: Given  Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3,400, and…

Q: An insurance company found that 2.4% of male drivers between the ages of 18 and 25 are involved in…

A: 2.4% of male drivers of ages between 18 and 25 are involved in serious accidents.Every accident…

Q: State Farm Insurance Company charges a customer according to their accident history. A customer who…

A: In the insurance company, a customer is charged as per their accident history.The annual premium…

Q: Sammy the Seahawk is leading the Broward College (BC) Math Team in a competition against the…

A: Understanding Independent Events: Each round of the competition is an independent event because the…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.