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Lerok [7]
2 years ago
5

If there was a 24% chance of having a contract signed to purchase a home in any one month and there were 55 homes on the market,

what would be the probability that exactly 15 of them would have a contract signed during this month?
a. 10.3%
b. 24.0%
c. 66.7%
d. 23.0%
Business
1 answer:
KonstantinChe [14]2 years ago
3 0

Answer:

a. 10.3%

Explanation:

P∝F of Binomial distribution is given as Pr.(x=x) = nCxP^x(1-p)^(n-x)

P = 0.24, n= 55, x =15 Note: C = Combination

Pr.(x = 15) = 55"C"15(0.24)^15(0.76)(55-15)

Pr.(x = 15) = 55"C"15(0.24)^15(0.76)^40

Pr.(x = 15) = 0.1026

Pr.(x = 15) = 10.26%

Pr.(x = 15) = 10.3%

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Life insurance companies tend to invest in long-term assets such as loans to manufacturing firms to build factories or to real e
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The answers are:

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On the other hand, companies that know that they will not be needing a lot money promptly (life insurance), can afford to invest in projects with a longer life span that can be more profitable also. Usually liquid investments have smaller rates of return, while long term investments have higher rates of return.

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Expansionary Monetary policy will cause the net exports to increases. Expansionary Monetary policy shifts the LM curve rightwards, as a result BOP deficit created in the economy. So, exchange rate increases to shift the BOP back to its initial position. As a result of higher exchange rate, exports increases. Hence, net exports increases.

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Once said that, in the case presented, where there are four workers and two of them have to do two differents tasks then the activity consider the bottleneck of the process will be the one in where one person does an activity after another and that reason makes that person delates more in working. That is the case of the activity B, where Aaron has to work again after the first activity and that takes him and Betty five minutes full, while in the other case where Betty works with David they only take four minutes, so therefore that the activity B is the bottleneck of the process.

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