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The probability that an 80-year-old

12. The probability that the Dow Jones stock index will close above 18000 at the end of theyear is an example of (a) classical
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1. A local community college determines the probability that a student will reenroll for a second year is 0.91. A representative
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The probability of a randomly selected car crashing during a year in a certain country is .0479. If a family has three cars,
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The probability of catching the flu this year is 0.15. Use the binomial model to find the probability that 2 out 5 members of
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A computer has 12 hard drives. The probability that an individual hard drive fails within one year is .25. What is the
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Assume that the business makes a profit with probability 0.3 in the first year. For each year thereafter, the business makes a
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Assume that the business makes a profit with probability0.8 in the first year. For each year thereafter, the business makes a
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Fortunately, plane crashes are rare events. Suppose that commercial crashes occur on an average (mean) of 1.1 per year (Hint:
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2. asked by MoJo
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Instructions: The Company has one asset. The asset has a three-year life and two possible payoffs each year: 1) $750 with a
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If the probability that the average freshman will not complete a 5 year engineering course is 2/5, what is the probability that
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