THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 99

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The quality of computer disks is measured by sending the disks through a certifier which counts the number of missing pulses.A certain brand of computer disks averages 0.1 missing pulse per disk.Let the random variable X denote the number of missing pulses.
-Find the probability the next disk inspected will have more than one missing pulse.

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Definitions:

Unrealized Loss

A loss that results from holding onto an investment that has decreased in price, but has not yet been sold.

Investment Revenue

Income earned from various investments, including dividends, interest, and profit from the sale of investment assets.

Dividend Revenue

Income received from owning shares of stock in a company when it distributes a portion of its earnings to shareholders.

Fair Value

The estimated price at which an asset could be bought or sold in a current transaction between willing parties, other than in a liquidation sale.