Online Bankers an Official from the Securities Commission Estimates That 75% of That

question 175

Short Answer

Online Bankers
An official from the securities commission estimates that 75% of all online bankers have profited from the use of insider information.Assume that 15 online bankers are selected at random from the commission's registry. ​ ​
-{Online Bankers Narrative} Find the probability that all 15 have profited from insider information.

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Definitions:

Stored Communications Act

A United States federal law that addresses voluntary and compelled disclosure of "stored wire and electronic communications and transactional records" by service providers.

Password-Protected

Describes a file, piece of information, or device that cannot be accessed without entering the correct password.

Digital Sampling

The technique of recording a segment of sound, often from previously existing recordings, and reusing it in a new musical composition or recording.

Copyright Infringement

The unauthorized use of copyrighted material in a way that violates one or more of the copyright holder's exclusive rights.