Statistics show that only 25% of firms listed on the Lusaka Stock Exchange declared a dividend last year. In a sample of six listed firms, what is the probability that: (a) none will declare a dividend this year? (b) at least half of them will declare a dividend this year?
Statistics show that only 25% of firms listed on the Lusaka Stock Exchange declared a dividend last year. In a sample of six listed firms, what is the probability that: (a) none will declare a dividend this year? (b) at least half of them will declare a dividend this year?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 10ECP: In Example 10, researchers selected five people at random from the population. What is the...
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Statistics show that only 25% of firms listed on the Lusaka Stock Exchange declared a dividend last year. In a sample of six listed firms, what is the probability that:
(a) none will declare a dividend this year?
(b) at least half of them will declare a dividend this year?
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