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You want to invest in companies belonging to Gispa Group of Companies Inc. so you did some research and found out that companies belonging to this group has an average gain of 0.8 percent and standard deviation of 0.7 percent. Given that a positive percent (gain) means profit and a negative percent means a loss, answer the following questions. 1.) If you choose 6 companies, what is the probability that the companies are losing money? A.) 2.80 B.) 0.4974 C.) 0.0026 D.) 0.9974 2.) If you choose 20 companies, what is the probability that the companies are gaining more than 1 percent?

You want to invest in companies belonging to Gispa Group of Companies Inc. so you did some research and found out that companies belonging to this group has an average gain of 0.8 percent and standard deviation of 0.7 percent. Given that a positive percent (gain) means profit and a negative percent means a loss, answer the following questions. 1.) If you choose 6 companies, what is the probability that the companies are losing money? A.) 2.80 B.) 0.4974 C.) 0.0026 D.) 0.9974 2.) If you choose 20 companies, what is the probability that the companies are gaining more than 1 percent?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 26PFA
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Multiple Choice: Choose the letter of the correct answer. You want to invest in companies belonging to Gispa Group of Companies Inc. so you did some research and found out that companies belonging to this group has an average gain of 0.8 percent and standard deviation of 0.7 percent. Given that a positive percent (gain) means profit and a negative percent means a loss, answer the following questions. 1.) If you choose 6 companies, what is the probability that the companies are losing money? A.) 2.80 B.) 0.4974 C.) 0.0026 D.) 0.9974 2.) If you choose 20 companies, what is the probability that the companies are gaining more than 1 percent? A.) 0.1003 B.) 0.3997 C.) 0.8997 D.) 1.2803
Transcribed Image Text:Multiple Choice: Choose the letter of the correct answer. You want to invest in companies belonging to Gispa Group of Companies Inc. so you did some research and found out that companies belonging to this group has an average gain of 0.8 percent and standard deviation of 0.7 percent. Given that a positive percent (gain) means profit and a negative percent means a loss, answer the following questions. 1.) If you choose 6 companies, what is the probability that the companies are losing money? A.) 2.80 B.) 0.4974 C.) 0.0026 D.) 0.9974 2.) If you choose 20 companies, what is the probability that the companies are gaining more than 1 percent? A.) 0.1003 B.) 0.3997 C.) 0.8997 D.) 1.2803
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