Answer:
Step-by-step explanation:
We can use normal aproximation, assuming that the random variables are a lot of that means the sample size is large.
Using the normal distribution table,
P(z>5) = 0.00005
Hence, we can conclude that the probability that the stock’s price will exceed 105 after 10 days is very small.
Hope this helps!
Answer:
8
Step-by-step explanation:
There are 2 cheeses, american and cheddar, and 4 meats, ham, bologna, turkey, and chicken. For every cheese, there are 4 options of meat. So then there are 2*4=8 sandwiches. If you are familliar with this concept, just multiply 2 and 4.
Answer:
Step-by-step explanation:
1 = 27
2 = 36
2 = 1,000
Answer:
Step-by-step explanation:
Leaving leap years, a year contains 365 days.
For a group of 100 people, each person is independent of the other and probability of any day being his birthday has a chance of
a) Probability that exactly 3 people have same birthday =
Each day is independent of the other
And hence no of days having exactly 3 persons birthday out of 100 persons is binomial with n = 365 and p =
Expected value of days = np =
b) Distinct birthdays is binomail with p =1/365 and n = 365
Hence
expected value = np =1