TABLE 5-11 Subscribers to Investment Advice White Letters Perform Security Transactions at Transactions

question 31

Short Answer

TABLE 5-11
Subscribers to Investment Advice White Letters perform security transactions at the rate of five trades per month. Assume that one of the subscribers performs transactions at this rate and the probability of a transaction for any two months is the same and the number of transactions in one month is independent of the number of transactions in another month.
-Referring to Table 5-11, what is probability that more than two security transactions will be conducted in one month?

---

Definitions:

Internet Worldwide

Refers to the global availability and accessibility of the internet, making it possible for people around the world to connect, share information, and access resources.

ICANN

The Internet Corporation for Assigned Names and Numbers, a nonprofit organization responsible for coordinating the maintenance and procedures of several databases related to the namespaces of the Internet.

NWICO

An acronym for the New World Information and Communication Order, a movement promoting global equity in the dissemination and flow of information.

League of Nations

An intergovernmental organization founded in 1920 to promote world peace and cooperation, but was eventually replaced by the United Nations.