Probability of winning the jackpot
Winning the jackpot in a particular lottery requires that you select the correct four numbers between 1 and 33 and in a separate drawing you must select the correct single number between 1 and 15. Find the probability of winning the jackpot.
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calculate the exact probability of this arrangement occurring by chance assuming that males and females are equally likely to be promoted. Test the hypothesis that males are significantly more likely to be promoted.
Four Flags is a retail department store. On January 1, 2012, Four Flags' accountants used the following data to develop the master budget for Four Flags for 2012.
Six percent have both an American Express card and a Visa card. What is the probability of selecting a family that has either a Visa card or an American Express card?
The observed mean for the sample of 16 observations was found to be 203 mg. Calculate the "p-value" associated with this sample statistic. Based on the stated hypotheses, what do you conclude? Would your conclusion change if a = 10%?
DiCenta Corporation reported net income of $296,000 in 2012 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 6,490 shares of cumulative preferred stock.
Division W of Comer Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested assets of $100,000.
An investment project has annual cash inflows of $8,200, $8,600, $8,800, and $7,600, and a discount rate of 7 percent.What is the discounted payback period for these cash flows if the initial cost is $23,839?
Prist Co. had not provided a warranty on its products, but competitive pressures forced management to add this feature at the beginning of 2010.
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