The mean number of errors per page made by a member of the word processing pool for a large company is thought to be 1.5 with the number of errors distributed according to a Poisson distribution
If three pages are examined, what is the probability that more than 3 errors will be observed?A) 0.6577
B) 0.6969
C) 0.7324
D) 0.7860
A
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The excess of issue price over par of common stock is termed a(n)
a. discount b. income c. deficit d. premium
A retailer with a large fringe trading area should consider _____
a. expanding the trading-area overlap b. direct marketing opportunities to this segment c. broadening the community's economic base d. establishing the point of indifference using Reilly's law
All of the following statements about long-term care insurance are true EXCEPT
A) Premiums can be reduced by electing shorter elimination periods. B) A common benefits trigger is the inability to perform a certain number of activities of daily living. C) Protection against inflation is usually made available as an optional benefit. D) Policies currently sold are guaranteed renewable.
An attorney receives a check from the defendant in settlement of a lawsuit brought by his client, the plaintiff. Even if the check is made out in the name of the attorney, it will belong to the client as a:
A) resulting trust. B) constructive trust. C) totten trust. D) spendthrift trust.