An apartment complex rents an average of 2.3 new units per week. If the number of apartment rented each week Poisson distributed, then the probability of renting no more than 1 apartment in a week is:

Step-by-step explanation:

Given

Poisson Distribution;

Average rent in a week = 2.3

Required

Determine the probability of renting no more than 1 apartment

A Poisson distribution is given as;

Where y represents λ (average)

y = 2.3

Probability of renting no more than 1 apartment = Probability of renting no apartment + Probability of renting 1 apartment

Using probability notations;

Solving for P(X = 0) [substitute 0 for x and 2.3 for y]

Solving for P(X = 1) [substitute 1 for x and 2.3 for y]

Hence, the required probability is 0.331

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

what is the information provided?

step-by-step explanation: