Answer:
The required probability is 0.031918.
Step-by-step explanation:
Consider the provided information.
It is given that According to an article in The Wall Street Journal, this theory held for 22 out of the last 34 years.
Therefore n=34
The probability it is either up or down is 0.5.
Thus the value of p =0.5 and q = 0.5
Now calculate the probability
Let X is the number of years that theory held.
X has a binomial distribution with n=34 and p=0.5

Hence, the required probability is 0.031918.
Answer:
change: $0.32
Step-by-step explanation:
The top left
Answer:
<u>The number of associates = 6 and the number of partners = 4</u>
Step-by-step explanation:
let the number of associates = x
let the number of partners = y
The law firm assigned a total of 10 lawyers
∴ x + y = 10
∴ y = 10 - x ⇒ (1)
$8000 per day charged for these lawyers, The daily rate charged to the client for each associate is $600 and the daily rate for each partner is $1100.
∴ 600x + 1100 y = 8000 ⇒ (2)
By substitute from (1) at (2)
600 x + 1100 (10 - x) = 8000
solve for x
600 x + 11000 - 1100 x = 8000
-500 x = -3000
x = -3000/-500 = 6
At (1) to find y
y = 10 - 6 = 4
<u>So, the number of associates = 6 and the number of partners = 4</u>
-20 and -5
-20*-5 is 100
and -20+(-5) is -25