Probability mass function
Suppose you have a bag with five tickets labeled 1,2,2,4 and 8. The experiment is to draw two tickets from the bag with replacement.
Let Y denote the maximum of the numbers drawn. Find the probability mass function of Y.
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A CPA firm has audited the financial statements included in a Form S-1 filed with the SEC under the Securities Act of 1933. Shortly thereafter, the company went bankrupt and the initial investors filed a class action lawsuit against the CPA firm.
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Suppose you have a bag with five tickets labeled 1,2,2,4 and 8. The experiment is to draw two tickets from the bag with replacement. Let Y denote the maximum of the numbers drawn. Find the probability mass function of Y.
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Bank B wants to charge the same effective rate on its loans but it wants to collect interest on a monthly basis, that is, use monthly compounding. What nominal rate must Bank B set?
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