On average, typographical errors (typos) occur in a manuscript every 2.7 pages. Suppose that the entire manuscript has 180 pages and the first chapter of manuscript has 12 pages. Answer the following questions.

a) What probability distribution is most appropriate for calculating the probability of a given number of typos? Give the distribution and its parameters.

b) I just found a typo. What is the probability that there will not be another typo over the next 5 pages?

c) Calculate the probability that a randomly selected passage from the manuscript has less than a page in between typos?

In your first meeting as a conservation manager at a global conservation NGO, your colleagues present the plan for a new campaign focused on conservation in two of the world’s ‘mega-diverse’ (i.e. most species rich) countries. a) What are the merits of their proposal? (2 pts), b) What two other factors do you urge them to consider, and in taking these factors into consideration how might the plan be modified? (3 pts) Explain your answers. It is not sufficient to simply list terms we discussed in class. You must demonstrate understanding of the concepts (refer back to the readings).

1-As for actually trading using technical analysis, what is one of the most important keys to doing well?

2-A commodity makes a new high of $60 and comes back down to the long-term trend line at $55. If the commodity starts to rally again back to $60, what is the technical analysis term used to describe this $60 level? And, what are the implications?

3. If a stock has really good news and the stock jumps a lot higher the first day and then continues on moving up for another two weeks, this is what kind of market reaction?

You have just been hired as the new human resource manager for Delta Inc. On your first day at work the CEO wants to meet with you to discuss a proposed evaluation of compensation practices at Delta. Unfortunately, the CEO is very busy and wants you to - in a short meeting - thoroughly describe the most important generic aspects of a compensation system that should be considered when evaluating Delta’s compensation practices. The CEO tells you to plan on a 10 minute meeting – you have to be brief and succinct – what are you going to tell the CEO?

The arrival of flights ar DIA has been monitored for the last year. From the research, 65.17 % of all arrivals are on time. Suppose a random sample of 16 flight arrivals is examined.
Using the binomial function,answer the following questions.

1. Create a table and enter only the first and last value in that table.

2. Give the probability of exactly 10 on time arrivals?


3. Give the probability of at most 9 on time arrivals?


4. Give the expected (mean) mean number of on time arrivals.

3. There are two machines available for cutting corks for use in wine bottles. The first produces corks with diameters that are normally distributed with an average of 3 cm and a standard deviation of 0.1 cm. The second machine produces corks with diameters that have a normal distribution with an average of 3.04 cm and a standard deviation of 0.02 cm. Acceptable corks have diameters between 2.9 and 3.1 cm.
a.Which machine is most likely to produce an acceptable cork? Justify your answer
b. Of the 1200 corks cut by the second machine in a working day, approximately, how many are not acceptable?

There are many policy proposals aimed at curtailing the high cost of pharmaceuticals and/or encouraging innovation. Briefly analyze the costs and benefits of the following policy proposals: a. The government uses an auction to estimate the private value of patents and then offers to buy out patents at this private value. Most patents purchased would be placed in the public domain. b. The government offers a $5 billion prize to the first drug company that develops a cure for Alzheimer’s disease. c. In order to control the rising costs of new drugs, the government puts a cap on drug prices at $10,000 per month.