Suppose That 88% of the Stocks Listed on a Particular

question 68

Essay

Suppose that 88% of the stocks listed on a particular exchange increased in value
yesterday. Let x be the number of stocks that increased in value yesterday in a random of
72 stocks listed on the exchange. Find the mean and standard deviation of x.

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Definitions:

Potential Beneficiary

An individual or entity that stands to receive a benefit or rights under a will, trust, or insurance policy, pending upon certain conditions or events.

Interest

The cost of borrowing money, usually expressed as a percentage of the amount borrowed, over a specific period of time.

Government

The system or group of people governing an organized community, often a state, including institutions and individuals that hold the authority to make laws and regulations.

Per Stirpes

A legal term describing a method of distributing an estate whereby each branch of the deceased's family receives an equal share of the estate.