Workshop 3 Individual Review Questions
Answer
Points
4.36
Probability (huge success/favorable review)
0.1010101
1
Probability (modest sucess/favorable review)
0.25974026
1
Probability (break even/favorable review)
1
1
Probability (losers/favorable review)
1.5
1
B.
What proportion of textbooka receives favorable reviews
Probability of favorable reviews
1
4.37
Probability (A rating/issued by city)
3
B.
What proportion of muncipal bonds is issued by cities?
Probability (issued by cities)
1
c.
What proportion of muncipal bonds is issued by suburbs?
Probability (issued by suburbs)
1
4.48
a.selected the lowest  or second lowest cost fund?
58%
1
b. selected the lowestcost fund and is an undergraduate?
19%
1
c. selected the lowestcost fund or is an undergraduate?
19%
1
27%
1
1
Yes, MBA students are more conservative when increasing fund amounts
4.50
60%
2.5
According to the answer in A, there is a higher probality of fatality involved in a rol over
2.5
5.24
a. zero had 90% or more of his or her investment in stocks?
0
1.25
b.exactly one had 90% or more of his or her investment in stocks?
24%
1.25
c. two or fewer had 90% or more of their investiments in stocks?
1.25
d. three or more had 90% of their investment in stocks?
1%
1.25
5.27
a. all three orders will be filled correctly?
1
b.None of the three will be filled correctly?
1
c. at least two of the three will be filled correctly?
1
d. What are the mean and standard devitiona of the binomial distribution used in (a) through (c)?
Mean
1
Standard deviation
1
5.31
a. zero network errors will occur?
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 Spring '11
 SMITH
 Management, Poisson Distribution, Standard Deviation, Probability theory

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