Probability of founding the mice in a field
The average number of field mice per acre in a 5-acre wheat field is estimated to be 12. Find the probability that fewer than 7 field mice are found:
(a) On a given acre;
(b) On 2 of the next 3 acres inspected.
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In February 2009 Treasury 6s of 2026 offered a semiannually compounded yield of 3.5965%. Recognizing that coupons are paid semiannually, calculate the bond"s price.
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