According to a July, 1999, Article in the New York

question 104

Multiple Choice

According to a July, 1999, article in the New York Times, 13.5% of Internet stocks that entered the market in 1999 ended up trading below their initial offering prices. If you were an investor who purchased 11 Internet stocks at their initial offering prices, what was the probability that at least 10 of them would end up trading at or above their initial offering price (Round your answer to four decimal places.) ?

• A)0.5041
• B) 0.4489
• C) 0.5511
• D) 0.2345
• E) 0.5301

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Definitions:

Prader-Willi Syndrome

A genetic disorder characterized by obesity, intellectual disability, and short stature, caused by the loss of function of specific genes on chromosome 15.

Angelman Syndrome

A genetic disorder causing developmental delays, neurological problems, and sometimes, seizures.

Huntington's Disease

A genetic disorder characterized by the progressive breakdown of nerve cells in the brain, leading to deterioration of physical and mental abilities.

Dominant Mutant Allele

A variant of a gene that is more potent in expressing its trait even in the presence of its normal counterpart.