Instruction 5 $$\begin{array} { | c | c | c | c | c | } \hline X & 0 & 1 & 2 & 3 \\\hline p ( X ) & 0.35 & 0.35 & 0.25 & 0.05 \\\hline\end{array}$$

question 17

Short Answer

Instruction 5.1
The following table contains the probability distribution for X = the number of retransmissions necessary to successfully transmit a 1024K data package through a double satellite media.
$$\begin{array} { | c | c | c | c | c | } \hline X & 0 & 1 & 2 & 3 \\\hline p ( X ) & 0.35 & 0.35 & 0.25 & 0.05 \\\hline\end{array}$$
-Referring to Instruction 5.1,the probability of no retransmissions is ______.

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Definitions:

Liquidity

The ease with which an asset can be converted into cash without significantly affecting its price, reflecting the ability of a company or individual to meet immediate and short-term obligations.

Precautionary Motive

The desire to hold cash or other liquid assets to meet unexpected needs and financial emergencies.

Financial Slack

The availability of excess funds or resources in a company that allows for flexibility in operations, strategic investments, or weathering financial uncertainties without immediate financial stress.

Keynes

Refers to John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies of governments.