thirty percent of the cfa candidates have a degree in economics. what is the popbability that none of them have a degree in econmics?

Answers

Answer 1

The probability that none of them have a degree in economics is 0.657.

We need to calculate

P (X > = 1)

= 1 - P(X =0)

= 1 - (1-0.30)^3

= 0.657

Hence, Option C is Correct

The complete question is:

Thirty percent of the CFA candidates have a degree in economics. A random sample of three CFA candidates is selected. What is the probability that at least one of them has a degree in economics?

1. 0.300

2. 0.343

3. 0.657

4. 0.900

Candidate for Level I CFA

You are regarded as a candidate for the CFA Level I if you are presently preparing for the Level I test. You may do this in a number of different ways on your resume. One strategy is to identify as a Level I candidate for the CFA.

The Excel’s function BINOM.DIST can be used.

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Related Questions

define the term structural unemployment and distinguish it from frictional and demand-deficient unemployment. why might structural unemployment fall w

Answers

The business cycle is not only factor contributing to structural unemployment. Over past thirty years, United States has lost hundreds of thousands of well-paying manufacturing jobs as result of production shifting to countries like China with lower cost of living.

What is structural unemployment?

Structural unemployment, a form of involuntary unemployment, results from a mismatch between the capabilities that employees in the economy can provide and those that employers seek in employees. Cyclical unemployment and frictional unemployment are the other two types of unemployment that economists have identified. One of these categories is structural unemployment. Because it necessitates either migration or retraining, structural unemployment can be challenging to overcome. Contrary to structural unemployment, which can be caused by short-term changes in demand from different industries, cyclical unemployment is caused by short-term variations in the overall labor market. Structural unemployment is frequently caused by people's inability to change industries, but it can also happen within sectors as technology changes the nature of work in a given field.

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is also called procurement. a.purchasing management b.automation c.inventory management d.materials control e.quality control

Answers

Purchasing management is also called procurement. The procurement is the term which means to buy or purchase products and services for the selling purpose.

The purchasing management is the management in which the business buys the products in the bundle or stock quantity for the re-selling purpose or to make their business products as taking the raw material or intermediate  goods or stocks.

The purchasing management is the management in which the small seller or shopkeeper become unite with the big organization or business to sell their products and give some profit at the end of the year.

The purchasing management is good for those seller who is not able to sell their products.

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a company had net cash flows from operations of $143,000, cash flows from financing of $376,000, total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals:

Answers

Option B  is correct. A company had net cash flows from operations of $143,000, cash flows from financing of $376,000, Total cash flows of $569,000, and average total assets of $3,880,000. the cash flow on total assets ratio equals 4.1%.

Net cash flows from operations = 133000

Divide by Average total assets  = 3280000

Cash flow on total assets ratio = 4.1%  

Option B 4.1% is correct.  

Cash float is a degree of ways awful lot cash a business introduced or spent in general over a time period. Coins go with the flow is generally damaged down into coins glide from working sports, making investment sports, and financing sports on the announcement of cash flows, a common economic assertion.

Cash drift from operations is comprised of fees made as part of the regular route of operations. Examples of these coins outflows are payroll, the fee of goods sold, hire, and utilities. Coins outflows can range considerably whilst business operations are fairly seasonal.

A coins flow declaration suggests the exact amount of a company's cash inflows and outflows over a time frame. The earnings announcement is the maximum commonplace financial announcement and shows an enterprise's revenues and total costs, along with noncash accounting, such as depreciation over a period of time.

 

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Complete Question:

A company had net cash flows from operations of $133,000, cash flows from the financing of $356,000, total cash flows of $539,000, and average total assets of $3,280,000. The cash flow on total assets ratio equals:

Multiple Choice

A). 16.4%.

B). 4.1%.

C). 3%.

D). 16.5%.

E). 24.7%

what international organization runs a dispute settlement process in which countries can resolve trade inequalities in a formal arena?

Answers

Countries can settle trade disparities in a formal setting through the World Trade Organization's (WTO) dispute resolution procedure.

Describe trade.

Trade is the voluntary transfer of goods or services among participants in the economy. Trade is often seen to be beneficial to both parties because interactions are voluntary. Buying and selling share or other assets is referred to as trading in the finance industry.

Why is trade so important?

Because it fosters economic growth, encourages domestic employment, enhances standard of living, and give more control to support their families with fairly priced goods and services, trade is crucial to the success of the United States. More jobs, greater pay, quality services, moderate inflation, and a propensity for cooperative over conflict are all advantages of increased commerce. nation. The much more freely trade goes around the world, the bigger the wave of economic success and peace will be.

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