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NEW QUESTION: 1
The probability that the price of a stock increases is 0.30. The price of the stock will either increase or decrease each day independently of what happened on the previous day. An experiment consists of observing the price of this stock during a 30-day period. What is the probability that the stock price will increase 10 days out of the 30 days?
A. 0.3333
B. 0.03
C. 0.1416
Answer: C
Explanation:
The number of days that the stock price increases over this period follows a binomial distribution with 30 trials, a probability of success (increase in stock price) equal to 0.30 and a probability of failure (decrease in stock price) equal to 0.70. Therefore, the parameters of the distribution are n = 30 and p = 0.3. The probability that the number of successes is 10 out of 30 trials is: p(10) = 0.1416.

NEW QUESTION: 2
Which statement is true about a journal-based backup?
A. It allows data to be restored without the need to contact the IBM Tivoli Storage Manager V6.2 server.
B. Only the parts of a file that have changed are backed up.
C. It backs up files that are selected by the user regardless of whether the files have changed since the last backup.
D. A list of changed files is maintained on the client.
Answer: D

NEW QUESTION: 3
Mr. Big of HiGrow Corporation needs more money to support the exceptional growth rate that his firm is enjoying. He meets with BigFee Investment Banker, who agrees to handle the IPO for HiGrow.
Subsequently, InTheLoop Brokerage is tapped to be part of the selling group that will handle the sale of the new stock to the public. In this example, the issuer is:
A. Mr. Big
B. BigFee Investment Banker
C. HiGrow Corporation
D. InTheLoop Brokerage
Answer: C
Explanation:
Explanation/Reference:
Explanation: HiGrow Corporation is the issuer in this example. The issuer is the firm that is receiving the proceeds from the IPO.