User Account

All Pages

What is the probability that all three banks survive the pan

Assignment Help Basic Statistics
Reference no: EM132845611

During a financial panic, it is learned that Bank A has a 0.4 chance of collapsing in the next month. Independently, Bank B has a 0.3 chance of failing. Bank C, which has heavy deposits in both A and B, has a 0.5 probability of failing if one of either A or B collapses and a 0.7 chance if both of them fail. Otherwise, Bank C will stay afloat.

-a) What is the probability that all three banks survive the panic?

-b) What is the probability that at least two of the banks go under?

-c) A customer hears the news about the risks of collapse and immediately transfers his savings from Bank

-A to Bank C. What is the probability he will have made a good choice with this move?

Reference no: EM132845611

Questions Cloud

What is the probability that a woman has a height : Assume the heights of women are normally distributed with a mean of 65 inches and a std deviation of 3.5 inches.
Explore personal or social issues facing immigrants : Explore personal or social issues facing immigrants or Americans having a hyphenated identity (e.g., Indian-American, Asian-American)
How did chattel slavery differ from indentured servitude : How did chattel slavery differ from indentured servitude? How did the former system come to replace the latter? What were the results of this shift?
Define at-risk preschoolers adhd characteristics of students : For this task, based on an analysis of at-risk preschoolers and students with ADHD, write a paper that indicates your understanding of the following.
What is the probability that all three banks survive the pan : -a) What is the probability that all three banks survive the panic? -b) What is the probability that at least two of the banks go under?
How american culture changed during the great depression : How American culture changed during the Great Depression and Second World War experiences. Can we still see these changes in operation today?
Nature of the distribution of data : Make one observation regarding the nature of the distribution of data that the researcher collected.
Explain the cold war : Explain the Cold War. How did it start? What were some of the key strategies, important leaders, and major events? How did it end?
Explain if the united states senate should have approved : Trace the origins of World War I, and assess if the world war was inevitable in 1914? Explain if the United States Senate should have approved of the Treaty.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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