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On September 18, 2003, hurricane Isabel struck the North Carolina Coast, causing extensive damage. For several days prior to reaching land the National Hurricane Center had been predicting the hurricane would come on shore between Cape Fear, North Carolina, and the North Carolina-Virginia border. It was estimated that the probability the hurricane would actually strike in this area was 0.81. In fact, the hurricane did come on shore almost exactly as forecast and was almost in the center of the strike area. Picture The National Hurricane Center forecasts that the hurricane will hit the strike area with a probability of 0.81. a. What probability distribution does this follow? b. If there are 4 hurricanes this season, what is the probability that all reach the strike area? (Round your answer to 4 decimal places.) Probability .0222 c. What is the probability at least one of 4 hurricanes reaches land outside the strike area? (Round your answer to 4 decimal places.)
Though it does lead to an interesting next question. Illustrate what do you think would happen to sale and price of DVDs after this.
How do managed floating exchange rates operate Why were they adopted by the industrialized nations in 1973 Has the abandonment of the Bretton Woods system of adjustable pegged exchange rates been beneficial or detrimental to global financial stabi..
What might you reasonably expect of an industry in which firms tend to have economies of scale?
Metro claims that at the time of its loan it was unaware of HFCs interest. Between these parties, who has priority to the collateral? Discuss your answer.
Your demand for minutes of calling is given by the equation: Q_d = 150-50*P, where P is the price of a minute. illustrate what is the cost of an extra minute on the phone.
The cost of fuel for a smelting operation are expected to be $50000 in year three,$52500 in year four and amounts decreasing by 5% per year after through year ten. at interest rate of 8% per year, calculate the present worth of the fuel cost.
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
The higher a country's tax rates, the more likely that country will be:
Explain how much money willyou have earned when the bond reaches maturity in five years.
What would happen if no one tried to manage the business cycle? What role do you see for the executive branch of the US government managing the business cycle? How does fiscal policy work? What are its limitations?
The Soup Nut serves his signature minestrone soup in two different bowl sizes, large and small. What strategy should he use to extract the most surplus possible out of customers who come in two types, regular and big eaters, when he cannot distinguis..
Some central bankers have looked at asset prices, such as prices of stocks, to guide monetary policy. The idea is that if stock prices begin to rise, it might signal future inflation or an overheated economy. Are there any dangers to using the stock ..
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