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An Official from the Australian Securities and Investments Commission Estimates

Question 31

Short Answer

An official from the Australian Securities and Investments Commission estimates that 75% of all investment bankers have profited from the use of insider information. If 15 investment bankers are selected at random from the Commission's registry, find the probability that:
a. at most 10 have profited from insider information.
b. at least six have profited from insider information.
c. all 15 have profited from insider information.

Correct Answer:

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a. 0.314.
...

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