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

question 166

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} What is the expected number of Online bankers who have profited from the use of insider information?

---

Definitions:

High-Quality

Describes products or services that meet or exceed customer expectations through excellence in material, workmanship, or performance.

Low-Quality

Products or services that fail to meet the expected standards of performance, durability, or reliability.

Adverse Selection

A market mechanism where buyers and sellers have different information, leading to the selection of poorer-quality goods or higher-risk individuals than average.

Risk-averse

A description of an investor or decision-maker who prioritizes minimizing risk over achieving potentially higher gains.