1. Paul uses the stratified random sampling technique of categorization for his research project. He first divides the country into 15 regions; then for each region, he categorizes the population into three age groups; young, adults, and elderly. Finally, he divides these categories into males and females. The number of cells or strata the sampling… Read More


1. Which of the following types of probability is most likely to be based on logical analysis? A. An empirical probability B. A priori probability C. A subjective probability   2. Professor A.F. comes across the following three statements by his students. Fatima: Covariance lies within the range -1 < Covariance < +1 Taimour: The… Read More


Questions: 1. You are estimating the required rate of return for a particular investment. Which of the following premiums are you least likely to consider? A. Inflation premium B. Maturity premium C. Nominal premium 2. A three-year CD offers a stated annual interest rate of 10 percent compounded quarterly. Given an initial investment of $80,000,… Read More