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

question 108

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 at most 10 have profited from insider information.

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Definitions:

Positive Self-Views

Holding a favorable perspective of oneself, which includes self-esteem, optimism, and confidence.

Individualism

A philosophy that supports the preference of individual decision-making freedom over regulation by collective bodies or state governance.

Collectivism

A cultural value that emphasizes the priority of group goals over individual goals and the importance of cohesion within social groups.

Freudianism

A theoretical framework based on the ideas of Sigmund Freud, emphasizing unconscious processes and childhood experiences in shaping behavior and personality.