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

question 310

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 more than 25
computers that require repair on a given day using a normal approximation.

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Investment Banker

A professional who works in a financial services company or division that specializes in raising capital for companies, governments, or other entities.

Initial Margin

The upfront payment required when opening a position in the futures market, serving as a guarantee for future contract fulfillment.

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The market in which new issues of securities are offered to the public.