PTR Investment Bank employed Gregory, a new analyst with five years of Wall Street experience. Morningstar published
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Question:
PTR Investment Bank employed Gregory, a new analyst with five years of Wall Street experience. Morningstar published Gregory's performance record from his Wall Street activities. Clients of PTR Investment are assigned to the analysts based on a randomized algorithm. The probability of a new client being assigned to Gregory is 41%. What is the probability that 7 out of 15 clients will be assigned to Gregory? Assume that the assignment of clients is Poisson-distributed. (5 Marks)
Related Book For
Entrepreneurial Finance
ISBN: 978-1305968356
6th edition
Authors: J. Chris Leach, Ronald W. Melicher
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