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The game called Lotto sponsored by the Louisiana Lottery Commission pays its largest prize when a contestant matches all 6 of the 44 possible numbers. Assume there are 44 ping-pong balls each with a single number between 1 and 44. Any number appears only once, and the winning balls are selected without replacement.
Use the hypergeometric formula to find the probability of matching all 6 winning numbers. The lottery commission also pays if a contestant matches 4 or 5 of the 6 winning numbers. Hint: Divide the 44 numbers into two groups, winning numbers and nonwinning numbers.
Find the probability, again using the hypergeometric formula, for matching 4 of the 6 winning numbers
Find the probability of matching 5 of the 6 winning numbers.
prepare a three 3 year forecast of estimated future cash flows for you company and give valid economicbusiness reasons
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You deposit $1,000 in your bank account. If the bank pays 4% simple interest, how much will you accumulate in your account after 10 years? What if the bank pays compound interest? How much of your earnings will be interest on interest?
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Regardless of whether they buy the new machinary, Sales will be $500,000 for the next three years, COGS will fall from 70% of Sales to 60% of Sales if they buy the new machinary. The tax rate is 40%.
Compute the cash collection from sales for each month from January through March.
A company issues a ten-year bond at par with a coupon rate of 6% paid semi-annually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 7.8%. What was the percentage change in the price of the bond over the past t..
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