SCENARIO 6-8 A Company Has 125 Personal Computers. the Probability That Any

question 405

Short Answer

SCENARIO 6-8
A company has 125 personal computers. The probability that any one of them will require repair on a
given day is 0.15.
-Referring to Scenario 6-8 and assuming that the number of computers that requires repair on a
given day follows a binomial distribution, compute the probability that there will be no more than
8 computers that require repair on a given day using a normal approximation.

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Definitions:

Portfolio

An assortment of financial assets owned by a person or an organization.

Beta

A criterion for the volatility, or established risk, inherent in a security or portfolio ensemble in the context of the broader market.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs.

Risk-Free Asset

An investment with a guaranteed return and no possibility of default, typically associated with government bonds.