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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 as needed.)
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 ..
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