An investor picks 3 stocks out of 10 recommended by his broker. Of these, six will show
Question:
An investor picks 3 stocks out of 10 recommended by his broker. Of these, six will show a profit in the next year. What is the probability the investor will pick
(a) 3
(b) 2
(c) 1
(d) 0 profitable stocks?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Denominator C 103 12...View the full answer
Answered By
ZIPPORAH KISIO LUNGI
I have worked on several other sites for more than five years, and I always handle clients work with due diligence and professionalism. Am versed with adequate experience in the fields mentioned above in which have delivered quality papers in research, thesis, essays, blog articles, and so forth.
I have gained extensive experience in assisting students to acquire top grades in biological, business and IT papers. Notwithstanding that, I have 7+ years of experience in corporate world software design and development.
5.00+
194+ Reviews
341+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Please Summarize this article about Communicating competitive information,and Applying Game Theory To Managing Price Competition. Pricing Strategies Course -No longer than 400 words. Like any other...
-
Krell Industries has a share price of $22 46 today. If Krell is expected to pay a dividend of S0.83 this year, and its stock price is expected to grow to $24.11 at the end of the year, what is...
-
The following data represent the final grades obtained by 5 students in mathematics, English, French, and biology. Test the hypothesis that the courses are of equal difficulty. Use a P-value in your...
-
Electrical heating of a pipe (Fig. 10B.8), in the manufacture of glass-coated steel pipes, it is common practice first to heat the pipe to the melting range of glass and then to contact the hot pipe...
-
In the optical system shown in Fig. 7-4p, a square incoherent source ( \(L \times L\) meters) lies in the source plane. The object consists of two pinholes separated in the \(\xi\) direction by...
-
An amusement park, whose customer set is made up of two markets, adults and children, has developed demand schedules as follows: The marginal operating cost of each unit of quantity is $5. (Hint:...
-
The proper allocation of manufacturing overhead to products produced is required by Generally Accepted Accounting Principles (GAAP) and provides a sound basis for pricing products using a full cost...
-
Four red cards (i.e., hearts and diamonds) and four black cards are face down on the table. A psychic who claims to be able to locate the four black cards turns over 4 cards and gets 3 black cards...
-
In a kindergarten class of 20 students, one child is picked each day to help serve the morning snack. What is the probability that in one week five different children are chosen?
-
Determine the profit (or loss) to a put buyer and a put writer for the following put options when the stock is selling at $63 just prior to expiration of the options and the option premium is $3. a....
-
Burnout Oil Corporation uses the full cost method. Recently, the company acquired a truck costing $60,000 with an estimated life of five years (ignore salvage value). The foreman drives the truck to...
-
Using the information in this chapter, label each of the following statements true, false, or uncertain. Explain briefly. a. The saving rate is always equal to the investment rate. b. A higher...
-
Convergence between Japan and the United States since 1960 The Bureau of Labor Statistics has a user-friendly Web site of GDP per capita at...
-
RED and growth a. Why is the amount of R\&D spending important for growth? How do the appropriability and fertility of research affect the amount of R\&D spending? How do each of the policy proposals...
-
The following table shows data on asthma-related visits. Is there evidence that these visits vary by quarter? Can you detect a trend? A powerful test would be to run a multiple regression in Excel....
-
Suppose you want to take a random sample of GMAT test scores to determine whether there is any significant difference between the GMAT scores for the test given in March and the scores for the test...
-
Explain the buyers position in a typical negotiation for a business. Explain the sellers position. What tips would you offer a buyer about to begin negotiating the purchase of a business?
-
Derive the expressions for the mean and variance of a geometric random variable with parameter p. (Formulas for infinite series are required.)
-
Suppose X has a hypergeometric distribution with N = 100, n = 4, and K = 20. Determine the following: (a) P(X = 1) (b) P(X =6) (c) P(X =4) (d) Determine the mean and variance of X.
-
Suppose X has a hypergeometric distribution with N = 20, n = 4, and K = 4. Determine the following: (a) P(X = 1) (b) P(X =4) (c) P(X =2 (d) Determine the mean and variance of X.
-
What would be a good operating plan for real estate?
-
What is incorporation? What is legal personality? Which legal forms are legal persons? What are the (global) characteristics of a limited liability company? Which legal forms are/can be based on...
-
The principal question, in this case, concerns the admissibility of evidence seized from an automobile, in which petitioner was riding at the time of his arrest after the automobile was taken to a...
Study smarter with the SolutionInn App