In a Certain College, 33% of the Physics Majors Belong

question 101

Multiple Choice

In a certain college, 33% of the physics majors belong to ethnic minorities. If 10 students are selected at random from the physics majors, what is the probability that no more than 6 belong to an ethnic minority? Round to
Three decimal places.

• A) 0.985
• B) 0.982
• C) 0.913
• D) 0.055

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Definitions:

Modified Duration

A measure that estimates the price sensitivity of a bond to a one percent change in interest rates, adjusting for the changing yield to maturity.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures.

Duration

A measure of the sensitivity of the price of a bond or other fixed-income investment to changes in interest rates, typically expressed in years.

Basis Points

Basis Points are a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument, with one basis point being 1/100th of 1%.