Find the probability that in a random sample

Assignment Help Finance Basics
Reference no: EM131429365

Quick Response Needed:

1. A national standard requires that public bridges over 20 feet in length must be inspected and rated every 2 years. The rating scale ranges from 0(poorest rating) to 9(highest rating). A group of engineers used a probabilistic model to forecast the inspection ratings of all major bridges in a city. For the year2020, the engineers forecast that 55% of all major bridges in that city will have ratings of 4 or below. Complete parts a and b.

a. Use the forecast to find the probability that in a random sample of 88 major bridges in thecity, at least 3 will have an inspection rating of 4 or below in 2020. P(xgreater than or equals≥3)equals=nothing (Round to five decimal places asneeded.)

Reference no: EM131429365

Questions Cloud

Average cumulative debt of recent college graduates : An estimated 1.8 million students take on student loans to pay ever-rising tuition and room and board (The New York Times, April 17, 2009). It is also known that the average cumulative debt of recent college graduates is about $22,100.
Determining the age of customers : The manager of a night club in Boston stated that 95% of the customers are between the ages of 21 and 27 years. If the age of customers is normally distributed with a mean of 24 years, calculate its standard deviation. (Round your answer to 2 deci..
The corporate social responsibility : The corporate social responsibility (CSI) is defined as ‘actions of firms that contribute to social welfare, beyond what is required for profit maximization’. However, what is the benefit of being engaged in CSI? Why these global players invest money..
Determine the kinetic energy of the triangular plate : Prob. 18.16. The triangular plate shown has a mass of 7.5 kg and is welded to a vertical shaft AB. Knowing that the plate rotates at the constant rate ω = 12 rad/s,
Find the probability that in a random sample : Use the forecast to find the probability that in a random sample of 88 major bridges in thecity, at least 3 will have an inspection rating of 4 or below in 2020. P(xgreater than or equals≥3)equals=nothing (Round to five decimal places asneeded.)
Develop a clear introduction to the essay : Develop clear and organized separate main body paragraphs and develop a clear conclusion - Develop clear topic sentences that have strong transitions for all main point paragraphs.
Determine the kinetic energy of the rod : Prob. 18.15. A rod of uniform cross section is used to form the shaft shown.
Discuss the various sources of finance available to business : Describe and discuss the various sources of finance available to the business, both in the starting up of the business and to finance future expansion
Probabilistic model to forecast the inspection ratings : A group of engineers used a probabilistic model to forecast the inspection ratings of all major bridges in a city. For the year2020, the engineers forecast that 55% of all major bridges in that city will have ratings of 4 or below. Complete parts ..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd