Explanation Given Information: The number of companies purchased is, n = 5 , the probability that a company would be traded below its initial offering price is q = 0.135 and the probability a company would be traded at or above its initial offering price is p = 1 − q . Formula used: If the number of successes in a sequence of n independent Bernoulli trials is X , then P ( X = x ) = C ( n , x ) p x q n − x Where n = Number of trials p = Probability of success q = Probability of failure Calculation: Consider the number of companies purchased is, n = 5 , the probability that a company would be traded below its initial offering price is q = 0.135 and the probability a company would be traded at or above its initial offering price is p = 1 − q . Also, the Bernoulli trials where in each trial an internet startup company is selected and it is observed that the “success” in these trials will be company would be trading at or above their initial offering price. The probability of at least 4 implies that either 4 or 5 of the companies would be trading at or above their initial offering price. Then probability of the union of 4 or 5 companies can be computed as, P ( X ≥ 4 ) = P ( X = 4 ) + P ( X = 5 ) The probability of 4 and 5 is computed using the formula, P ( X = x ) = C ( n , x ) p x q n − x Compute the value of P ( X = 4 ) as follows: P ( X = 4 ) = C ( 5 , 4 ) ( 1 − 0

Finite Mathematics and Applied Calculus (MindTap Course List)

7th Edition

ISBN: 9781337274203

Author: Stefan Waner, Steven Costenoble

Publisher: Cengage Learning

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2-Proportion Test

In a 2-proportion test, two separate proportions are measured at the same time, and their similarity is evaluated. It is also known as a 2-proportion z-test, and a comparison of two different proportions is done in this method.

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Chapter 9.2, Problem 26E

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To calculate: The probability that at least four of the five internet stock company would end up trading at or above their initial offering price if it is given that 13.5% of internet stocks that entered in 1999 ended up trading below their offering prices.

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Chapter 9.2, Problem 25E

Chapter 9.2, Problem 27E

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Chapter 9 Solutions

Finite Mathematics and Applied Calculus (MindTap Course List)

Ch. 9.1 - In Exercises 110, classify the random variable X...Ch. 9.1 - Prob. 2E Ch. 9.1 - In Exercises 110, classify the random variable X...Ch. 9.1 - In Exercises 110, classify the random variable X...Ch. 9.1 - Prob. 5E Ch. 9.1 - In Exercises 110, classify the random variable X...Ch. 9.1 - Prob. 7E Ch. 9.1 - In Exercises 110, classify the random variable X...Ch. 9.1 - In Exercises 110, classify the random variable X...Ch. 9.1 - In Exercises 110, classify the random variable X...

Ch. 9.1 - Prob. 11E Ch. 9.1 - Prob. 12E Ch. 9.1 - Prob. 13E Ch. 9.1 - Prob. 14E Ch. 9.1 - In Exercises 1118, (a) say what an appropriate...Ch. 9.1 - Prob. 16E Ch. 9.1 - In Exercises 1118, (a) say what an appropriate...Ch. 9.1 - Prob. 18E Ch. 9.1 - Prob. 19E Ch. 9.1 - Prob. 20E Ch. 9.1 - Prob. 21E Ch. 9.1 - Prob. 22E Ch. 9.1 - In Exercises 2128, give the probability...Ch. 9.1 - Prob. 24E Ch. 9.1 - Prob. 25E Ch. 9.1 - Prob. 26E Ch. 9.1 - Prob. 27E Ch. 9.1 - Prob. 28E Ch. 9.1 - 2010 Income Distribution up to $100,000 The...Ch. 9.1 - 2003 Income Distribution up to $100,000 Repeat...Ch. 9.1 - Prob. 31E Ch. 9.1 - Prob. 32E Ch. 9.1 - Prob. 33E Ch. 9.1 - Housing Prices Going into the Real Estate Bubble...Ch. 9.1 - Prob. 35E Ch. 9.1 - Prob. 36E Ch. 9.1 - Prob. 37E Ch. 9.1 - Prob. 38E Ch. 9.1 - Car Purchases To persuade his parents to...Ch. 9.1 - Prob. 40E Ch. 9.1 - Prob. 41E Ch. 9.1 - Prob. 42E Ch. 9.1 - Prob. 43E Ch. 9.1 - Prob. 44E Ch. 9.1 - Prob. 45E Ch. 9.1 - Prob. 46E Ch. 9.1 - Prob. 47E Ch. 9.1 - Prob. 48E Ch. 9.1 - Prob. 49E Ch. 9.1 - Prob. 50E Ch. 9.1 - Prob. 51E Ch. 9.1 - Prob. 52E Ch. 9.1 - Prob. 53E Ch. 9.1 - Prob. 54E Ch. 9.1 - Prob. 55E Ch. 9.1 - Prob. 56E Ch. 9.1 - Prob. 57E Ch. 9.1 - Prob. 58E Ch. 9.1 - Prob. 59E Ch. 9.1 - Prob. 60E Ch. 9.1 - Prob. 61E Ch. 9.1 - Prob. 62E Ch. 9.1 - Prob. 63E Ch. 9.1 - Prob. 64E Ch. 9.2 - In Exercises 110, you are performing five...Ch. 9.2 - Prob. 2E Ch. 9.2 - Prob. 3E Ch. 9.2 - Prob. 4E Ch. 9.2 - Prob. 5E Ch. 9.2 - Prob. 6E Ch. 9.2 - Prob. 7E Ch. 9.2 - Prob. 8E Ch. 9.2 - Prob. 9E Ch. 9.2 - Prob. 10E Ch. 9.2 - Prob. 11E Ch. 9.2 - Prob. 12E Ch. 9.2 - Prob. 13E Ch. 9.2 - Prob. 14E Ch. 9.2 - Prob. 15E Ch. 9.2 - Prob. 16E Ch. 9.2 - Prob. 17E Ch. 9.2 - Prob. 18E Ch. 9.2 - Prob. 19E Ch. 9.2 - Prob. 20E Ch. 9.2 - Prob. 21E Ch. 9.2 - Prob. 22E Ch. 9.2 - Prob. 23E Ch. 9.2 - Alien Retirement The probability that a randomly...Ch. 9.2 - Prob. 25E Ch. 9.2 - Prob. 26E Ch. 9.2 - Prob. 27E Ch. 9.2 - Prob. 28E Ch. 9.2 - Manufacturing Your manufacturing plant produces...Ch. 9.2 - Manufacturing Compute the probability distribution...Ch. 9.2 - Prob. 31E Ch. 9.2 - Other Teenage Pastimes According to the study...Ch. 9.2 - Prob. 33E Ch. 9.2 - Prob. 34E Ch. 9.2 - Triple Redundancy To ensure reliable performance...Ch. 9.2 - IQ Scores Mensa is a club for people who have high...Ch. 9.2 - Standardized Tests Assume that on a standardized...Ch. 9.2 - Prob. 38E Ch. 9.2 - Product Testing It is known that 43% of all the...Ch. 9.2 - Product Testing It is known that 65% of all the...Ch. 9.2 - Quality Control A manufacturer of light bulbs...Ch. 9.2 - Prob. 42E Ch. 9.2 - Prob. 43E Ch. 9.2 - Prob. 44E Ch. 9.2 - Prob. 45E Ch. 9.2 - Prob. 46E Ch. 9.2 - Prob. 47E Ch. 9.2 - Prob. 48E Ch. 9.2 - Prob. 49E Ch. 9.2 - Prob. 50E Ch. 9.2 - Prob. 51E Ch. 9.2 - Prob. 52E Ch. 9.2 - Prob. 53E Ch. 9.2 - Prob. 54E Ch. 9.3 - Prob. 1E Ch. 9.3 - Prob. 2E Ch. 9.3 - Prob. 3E Ch. 9.3 - Prob. 4E Ch. 9.3 - Prob. 5E Ch. 9.3 - Prob. 6E Ch. 9.3 - Prob. 7E Ch. 9.3 - Prob. 8E Ch. 9.3 - Prob. 9E Ch. 9.3 - Prob. 10E Ch. 9.3 - 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Prob. 48E Ch. 9.3 - Prob. 49E Ch. 9.3 - Prob. 50E Ch. 9.3 - Exercises 51 and 52 assume familiarity with...Ch. 9.3 - Exercises 51 and 52 assume familiarity with...Ch. 9.3 - Elimination Tournaments In an elimination...Ch. 9.3 - Prob. 54E Ch. 9.3 - Prob. 55E Ch. 9.3 - Prob. 56E Ch. 9.3 - Prob. 57E Ch. 9.3 - Prob. 58E Ch. 9.3 - Prob. 59E Ch. 9.3 - Insurance The Blue Sky Flight Insurance Company...Ch. 9.3 - Prob. 61E Ch. 9.3 - Prob. 62E Ch. 9.3 - Prob. 63E Ch. 9.3 - Prob. 64E Ch. 9.3 - Prob. 65E Ch. 9.3 - Prob. 66E Ch. 9.3 - Prob. 67E Ch. 9.3 - Prob. 68E Ch. 9.3 - Prob. 69E Ch. 9.3 - Prob. 70E Ch. 9.3 - Prob. 71E Ch. 9.3 - Prob. 72E Ch. 9.3 - Prob. 73E Ch. 9.3 - Prob. 74E Ch. 9.4 - In Exercises 18, compute the (sample) variance and...Ch. 9.4 - Prob. 2E Ch. 9.4 - Prob. 3E Ch. 9.4 - Prob. 4E Ch. 9.4 - Prob. 5E Ch. 9.4 - Prob. 6E Ch. 9.4 - Prob. 7E Ch. 9.4 - Prob. 8E Ch. 9.4 - In Exercises 914, calculate the standard deviation...Ch. 9.4 - Prob. 10E Ch. 9.4 - Prob. 11E Ch. 9.4 - Prob. 12E Ch. 9.4 - Prob. 13E Ch. 9.4 - Prob. 14E Ch. 9.4 - Prob. 15E Ch. 9.4 - Prob. 16E Ch. 9.4 - Prob. 17E Ch. 9.4 - Prob. 18E Ch. 9.4 - Prob. 19E Ch. 9.4 - In Exercises 1524, calculate the expected value,...Ch. 9.4 - Prob. 21E Ch. 9.4 - In Exercises 1524, calculate the expected value,...Ch. 9.4 - In Exercises 1524, calculate the expected value,...Ch. 9.4 - In Exercises 1524, calculate the expected value,...Ch. 9.4 - Prob. 25E Ch. 9.4 - Prob. 26E Ch. 9.4 - Unemployment Following is a sample of unemployment...Ch. 9.4 - Prob. 28E Ch. 9.4 - Prob. 29E Ch. 9.4 - Prob. 30E Ch. 9.4 - Prob. 31E Ch. 9.4 - Prob. 32E Ch. 9.4 - Prob. 33E Ch. 9.4 - Prob. 34E Ch. 9.4 - 2010 Income Distribution up to $100,000 The...Ch. 9.4 - Prob. 36E Ch. 9.4 - Hispanic Employment: Male The following table...Ch. 9.4 - Prob. 38E Ch. 9.4 - Prob. 39E Ch. 9.4 - Prob. 40E Ch. 9.4 - Prob. 41E Ch. 9.4 - Prob. 42E Ch. 9.4 - Prob. 43E Ch. 9.4 - Prob. 44E Ch. 9.4 - Prob. 45E Ch. 9.4 - Prob. 46E Ch. 9.4 - Prob. 47E Ch. 9.4 - Prob. 48E Ch. 9.4 - Prob. 49E Ch. 9.4 - Distribution of Wealth If we model after-tax...Ch. 9.4 - Prob. 51E Ch. 9.4 - Prob. 52E Ch. 9.4 - Prob. 53E Ch. 9.4 - Prob. 54E Ch. 9.4 - Prob. 55E Ch. 9.4 - Prob. 56E Ch. 9.4 - Prob. 57E Ch. 9.4 - Prob. 58E Ch. 9.4 - Prob. 59E Ch. 9.4 - Prob. 60E Ch. 9.4 - Prob. 61E Ch. 9.4 - Prob. 62E Ch. 9.4 - Prob. 63E Ch. 9.4 - Prob. 64E Ch. 9.4 - Prob. 65E Ch. 9.4 - Prob. 66E Ch. 9.4 - Prob. 67E Ch. 9.4 - Prob. 68E Ch. 9.4 - Prob. 69E Ch. 9.4 - Prob. 70E Ch. 9.4 - Prob. 71E Ch. 9.4 - Prob. 72E Ch. 9.4 - Prob. 73E Ch. 9.4 - Prob. 74E Ch. 9.4 - Prob. 75E Ch. 9.4 - Prob. 76E Ch. 9.4 - Prob. 77E Ch. 9.4 - Prob. 78E Ch. 9.4 - Prob. 79E Ch. 9.4 - Prob. 80E Ch. 9.5 - Prob. 1E Ch. 9.5 - Prob. 2E Ch. 9.5 - Prob. 3E Ch. 9.5 - Prob. 4E Ch. 9.5 - Prob. 5E Ch. 9.5 - Prob. 6E Ch. 9.5 - In Exercises 18, Z is the standard normal...Ch. 9.5 - In Exercises 18, Z is the standard normal...Ch. 9.5 - Prob. 9E Ch. 9.5 - Prob. 10E Ch. 9.5 - Prob. 11E Ch. 9.5 - Prob. 12E Ch. 9.5 - Prob. 13E Ch. 9.5 - Prob. 14E Ch. 9.5 - Prob. 15E Ch. 9.5 - Prob. 16E Ch. 9.5 - Prob. 17E Ch. 9.5 - Prob. 18E Ch. 9.5 - Prob. 19E Ch. 9.5 - Prob. 20E Ch. 9.5 - Prob. 21E Ch. 9.5 - Prob. 22E Ch. 9.5 - Prob. 23E Ch. 9.5 - Prob. 24E Ch. 9.5 - Prob. 25E Ch. 9.5 - Prob. 26E Ch. 9.5 - SAT Scores SAT test scores are normally...Ch. 9.5 - Prob. 28E Ch. 9.5 - Prob. 29E Ch. 9.5 - Prob. 30E Ch. 9.5 - IQ Scores IQ scores (as measured by the...Ch. 9.5 - Prob. 32E Ch. 9.5 - Prob. 33E Ch. 9.5 - Prob. 34E Ch. 9.5 - Prob. 35E Ch. 9.5 - Prob. 36E Ch. 9.5 - Baseball The mean batting average in major league...Ch. 9.5 - Prob. 38E Ch. 9.5 - Marketing Your pickle company rates its pickles on...Ch. 9.5 - Prob. 40E Ch. 9.5 - Prob. 41E Ch. 9.5 - Prob. 42E Ch. 9.5 - Prob. 43E Ch. 9.5 - Prob. 44E Ch. 9.5 - Prob. 45E Ch. 9.5 - Prob. 46E Ch. 9.5 - Prob. 47E Ch. 9.5 - Prob. 48E Ch. 9.5 - Prob. 49E Ch. 9.5 - Prob. 50E Ch. 9.5 - Prob. 51E Ch. 9.5 - Prob. 52E Ch. 9.5 - Prob. 53E Ch. 9.5 - Prob. 54E Ch. 9.5 - Prob. 55E Ch. 9.5 - Prob. 56E Ch. 9.5 - Prob. 57E Ch. 9.5 - Prob. 58E Ch. 9.5 - Prob. 59E Ch. 9.5 - Prob. 60E Ch. 9.5 - Prob. 61E Ch. 9.5 - Prob. 62E Ch. 9.5 - Prob. 63E Ch. 9.5 - Prob. 64E Ch. 9.5 - Prob. 65E Ch. 9.5 - Prob. 66E Ch. 9.5 - Prob. 67E Ch. 9.5 - Prob. 68E Ch. 9.5 - Prob. 69E Ch. 9.5 - Prob. 70E Ch. 9.5 - Prob. 71E Ch. 9.5 - Prob. 72E Ch. 9.5 - Prob. 73E Ch. 9.5 - Prob. 74E Ch. 9 - Prob. 1RE Ch. 9 - Prob. 2RE Ch. 9 - Prob. 3RE Ch. 9 - Prob. 4RE Ch. 9 - Prob. 5RE Ch. 9 - Prob. 6RE Ch. 9 - Prob. 7RE Ch. 9 - Prob. 8RE Ch. 9 - Prob. 9RE Ch. 9 - Prob. 10RE Ch. 9 - Prob. 11RE Ch. 9 - Prob. 12RE Ch. 9 - Prob. 13RE Ch. 9 - Prob. 14RE Ch. 9 - A die is constructed in such a way that rolling a...Ch. 9 - Prob. 16RE Ch. 9 - Prob. 17RE Ch. 9 - Prob. 18RE Ch. 9 - Prob. 19RE Ch. 9 - Prob. 20RE Ch. 9 - Prob. 21RE Ch. 9 - Prob. 22RE Ch. 9 - Prob. 23RE Ch. 9 - Prob. 24RE Ch. 9 - Prob. 25RE Ch. 9 - Prob. 26RE Ch. 9 - Prob. 27RE Ch. 9 - Prob. 28RE Ch. 9 - Prob. 29RE Ch. 9 - Prob. 30RE Ch. 9 - Prob. 31RE Ch. 9 - Prob. 32RE Ch. 9 - Prob. 33RE Ch. 9 - Prob. 34RE Ch. 9 - 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The probability that at least four of the five internet stock company would end up trading at or above their initial offering price if it is given that 13.5 % of internet stocks that entered in 1999 ended up trading below their offering prices.

Solution Summary: The author calculates the probability that at least four of the five internet stock company would end up trading at or above their initial offering price if it is given that 13.5% of internet stocks that entered in 1999 ended

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To calculate: The probability that at least four of the five internet stock company would end up trading at or above their initial offering price if it is given that 13.5% of internet stocks that entered in 1999 ended up trading below their offering prices.

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Chapter 9 Solutions