Reading 10 common probability distributions questions and answers

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Reading 10 common probability distributions questions and answers

Reading 10: Common Probability DistributionsQuestion #1 of 104Question ID: 413162The Night Raiders, an expansion team in the National Indoor Football

Reading 10 common probability distributions questions and answers League, is having a challenging first season with a current win loss record of 0 and 4 However, the team recently signed four new defensive players a

nd one of the team sponsors (who also happens to hold a CFA charter) calculates the probability of the team winning a game at 0.40. Assuming that whet Reading 10 common probability distributions questions and answers

her the team wins a game is independent of whether It Wins any other game, the probability that the team wilt win 6 out of the next 10 games is closes

Reading 10 common probability distributions questions and answers

t to:X A) 0.417.X B) 0.350.y C) 0.112.ExplanationUse the formula for a binomial random variable to calculate the answer to this question. We will defi

Reading 10: Common Probability DistributionsQuestion #1 of 104Question ID: 413162The Night Raiders, an expansion team in the National Indoor Football

Reading 10 common probability distributions questions and answers choose X from n] = n! I [(n - x)! X x!].Here, p(x) = P(X = 6) = [10! / (10 - 6)l X 6!] X 0.4(Ỵ X (1 - 0 40)"*= 210.0 X 0.00410 X 0.12960 = 0.11159. o

r approximately 0.112.To calculate factorial using your financial calculator: On the Tl. factorial IS [2nd][x.f]. On tiro HP. factorial is [gj — [n!]. Reading 10 common probability distributions questions and answers

Tocompute 10! on the Tl. enter [10] »[2nd] > [x/] = 3.628,800. On the HP. use [10] -[ENTER] ■ [g] > [n!].ReferencesQuestion From: Session 3 > Reading

Reading 10 common probability distributions questions and answers

10 > LOS IRelated Material:• Key Concepts by LOSQuestion #2 of 104Which of the following is a discrete random variable?X A) The realized return on a

Reading 10: Common Probability DistributionsQuestion #1 of 104Question ID: 413162The Night Raiders, an expansion team in the National Indoor Football

Reading 10 common probability distributions questions and answers 34ExplanationSince the DJIA consists of only 30 stocks, the answer associated with it would be a discrete random variable Random variables measuring t

ime, rates of return and weight will be continuous.ReferencesQuestion From: Session 3 > Reading 10 > LOS aRelated Material:• Key Concepts by LOSQuesti Reading 10 common probability distributions questions and answers

on #3 of 104Question ID: 413215Given Yis lognormally distributed. then In Yis:/ A) normally distributed.X B) a lognormal distribution.X C) the antilog

Reading 10 common probability distributions questions and answers

of Y.ExplanationIf Y is lognormally distributed, then In Y is normally distributed.

Reading 10: Common Probability DistributionsQuestion #1 of 104Question ID: 413162The Night Raiders, an expansion team in the National Indoor Football