"A bag contains 5 blue balls and 8 purple balls. If 3 balls are chosen randomly and without replacement, form the bag. Let x be the number of blue balls obtained. Then x has a distribution.
(a)... More > Poisson
(b) Geometric
(c) Normal
(d) Binomial
(e) Hypergeometic
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"The mean return for a random sample of 33 mutual funds is 14.93 percent with a standard deviation of 9.57. Construct a 95% confidence interval for mu, the population mean.
a. 11.53 to 18.32
b.... More > 11.01 to 18.85
c. 14.82 to 15.04
d. 10.95 to 18.91
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"Which do you prefer: a bank account that pays 5% per year (EAR) for three years or
a) An account that pays 2.5% every six months for three years?
b) An account that pays 7.5% every 18... More > months for three years?
c) An account that pays 0.5 % per month for three years?
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"a) What is the expected amount of disposable income the landlord will have facing this risky situation? Is this a fair gamble?
b) What is the expected utility of the landlord in this risky... More > situation assuming he cares only about his disposable income?
c) What amount of certain income would make the landlord as happy as he would be facing the risky situation?
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