Corporation received permission to change
Abdo corporation received permission to change its tax year-end from December 31 to August 31 in 2011. Its income from January 1 through August 31 is $278,000. What is Abdo's tax liability?
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Compute the distribution, mean, and variance of the number of successive donors needed until at least $100 dollars has been collected.
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The given two problems are solved by using Handshaking (and marriage) theorem.
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An insurance company sells two kinds of auto insurance policies: Basic and Deluxe. The time till the next Basic Policy claim is an exponential random variable with mean two days.
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