Question
In: Statistics and Probability
The SUNY board of directors has 8 members. i. If they need to select a Chairman,...
The SUNY board of directors has 8 members.
i. If they need to select a Chairman, a Secretary and a Treasurer, how many different slate of officers can be created?
ii.. If they need to select a 3 member subcommittee, how many different subcommittees can be formed?
b. A man pays $400 for a 1 year life insurance with coverage of $200,000. Given his age, he has a .995 chance of living for at least another year. what is the expected value of the policy?
Should he buy it or not? Why or Why not?
c. The TV show Scandal has a 20 share, meaning that 20% of the households are tuned to this show. A special focus group of 120 households are chosen.
i. What is the expected number of households watching this show?
ii. What is the mean number of households watching this show?
iii. What is the standard deviation?
Solutions
orchestra answered 1 year agoRelated Solutions
The board of directors for Southern Alberta Insurance Company has 8 members. (a) If a committee...
The board of directors for Southern Alberta Insurance Company
has 8 members.
(a) If a committee of 3 is formed by random selection, what is
the probability that it consists of the 3 wealthiest members?
(b) If the board must elect a chairperson, vice-chairperson, and
a secretary, how many different slates of candidates are
possible?
If also, you could show your work, and help me understand why I
would appreciate that too. Thank you!
You are the chairman of the board of directors at Epson Information Systems, Corporation. The board...
You are the chairman of the board of directors at Epson
Information Systems, Corporation. The board has decided to
encourage employees to take college courses by reimbursing each
eligible employee a maximum of $3,500 in tuition during any one
calendar year. Anyone who wants to participate in the program must
apply before the first class meeting and the application must be
signed by the employee’s immediate supervisor. The only courses
employees may choose are those either related to the employee’s...
Members of the Board of Directors for a certain firm that has 12 seats on the...
Members of the Board of Directors for a certain
firm that has 12 seats on the Board for which members are elected
for six-year terms. The firm is currently using an election system
that puts all members of the Board up for reelection every six
years. An alternative is proposed by the CEO that will put only two
Board members up for reelection every single year. He justifies
this request by saying that reelecting entire board carries the
risk that...
You are the chairman of the board of directors for an innovative technology company, and you...
You are the chairman of the board of directors for an
innovative technology company, and you are looking to hire a new
CEO. Your shareholders require an 8% return.
Your firm has 1,200 engineers who on average each contribute
$240,000 to the annual revenue of the company and receive an
average annual salary of $120,000.
The first candidate for the CEO position, Jane Doe,
successfully increased the productive output of engineering
employees at her last firm by 5%, and is...
II. You are the chairman of the board of directors for an innovative technology company, and...
II. You are the chairman of the board of directors for an
innovative technology company, and you are looking to hire a new
CEO. Your shareholders require an 8% return.
Your firm has 1,200 engineers who on average each contribute
$240,000 to the annual revenue of the company and receive an
average annual salary of $120,000.
-What is the current annual revenue of the firm?
-What is the current operating profit of the firm?
The first candidate for the CEO...
You are the chairman of the board of directors for an innovative technology company, and you...
You are the chairman of the board of directors for an
innovative technology company, and you are looking to hire a new
CEO. Your shareholders require an 8% return.
Your firm has 1,200 engineers who on average each contribute
$240,000 to the annual revenue of the company and receive an
average annual salary of $120,000.
The first candidate for the CEO position, Jane Doe,
successfully increased the productive output of engineering
employees at her last firm by 5%, and is...
There are 15 members on the board of directors for a Fortune 500 company. If they...
There are 15 members on the board of directors for a
Fortune 500 company. If they must select a chairperson, a first
vice chairperson, a second vice chairperson, and a
secretary.
(a) How many different ways the officers can be selected?
Show work.
(b) Please describe the method used and the reason why it is
appropriate for answering the question.
A researcher wants to conduct a clinical trial on a new
medicine for a rare disease. She plans to randomly...
Wilcox, chief executive officer and chairman of the board of directors, owned 60 percent of the...
Wilcox, chief executive officer and chairman of the board of
directors, owned 60 percent of the shares of Sterling Corporation.
When the market price of Sterling’s shares was $22 per share,
Wilcox sold all of his shares in Sterling to Conrad for $29 per
share. The minority shareholders of Sterling brought suit against
Wilcox demanding a pro rata share of the amount Wilcox received in
excess of the market price.
What are the arguments to support the minority shareholders’
claim...
1. There are 9 members on a board of directors. If they must form a subcommittee...
1. There are 9 members on a board of directors. If they
must form a subcommittee of 6 members, how many different
subcommittees are possible?
60,480
720
84
531,441
2. A card is drawn at random from a well-shuffled deck
of 52 cards. What is the probability of drawing a face card or a
5?
16
3. A pitching machine throws 70% strikes and 30% balls.
Five pitches will be thrown by the machine.
What is the probability the machine...
Is usually delegated to members of a company's board of directors so as not to infringe...
Is usually delegated to members of a company's board of
directors so as not to infringe on the
time of busy executives
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