In the judicial case of the United States vs. the City of Chicago discrimination was charged in a qualifying exam for the position of Fire Captain. In the table below, Group A was the minority and Group B was the majority. Use this table to answer questions
You are trying to develop a strategy for investing in two difference stocks. The anticipated annual return for a $1,000 investment in each stock under four difference economic conditions has the following probability distribution:
In South Carolina Palmetto Cash 5 lottery game, winning the jackpot requires that you select the correct 5 numbers between 1 and 38. How many different ways can those 5 numbers be selected? What is the probability for winning the jackpot? Is it unusual for anyone to win the lottery? Explain.
Use Excel to calculate the first question.
Sun Microsystems has 50% of the market for high-end Unix machine, with its closest competitor being IBM. Suppose 15 corporations were in the market to purchase a high-end Unix machine.
Use Excel to answer b) – d) (Hint: Assume a Binomial Distribution)
Attached is a detailed explanation... View the full answer