THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 181

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
You stop in at a local Internet café.The manager tells you that there are four computers in the cafe,and that the probability for one of them being available at any one time is 0.4.Assume that this probability is the same for each computer and the probability of one computer being occupied is statistically independent of any of the other computers.
-What is the probability that all four computers are occupied?

---

Definitions:

Unfavorable Information

Data or news that negatively impacts the valuation or perception of a company or investment.

Auditors

Professionals who examine and verify a company’s financial records and practices to ensure accuracy and compliance with accounting standards and regulations.

Initial Public Offerings

The first sale of stock by a private company to the public, often to raise capital for expansion.

Volatile

Describing something prone to rapid and unpredictable changes, especially in the stock market or prices.