The United States Senate contains two senators form each of the 50 states. (a) If a committee of
eight senators is selected at random, what is the probability that it will contain at least one of the
two senators from a certain specified state? (b) What is the probability that a group of 50
senators selected at random will contain one senator from each state?
Solution
a) p = 2 C1 * 98 C 7 / 100 C 8 b) p = 2^50/ 100 C 50 =.
The United States Stock Market is virtually at the same position tod.pdf
1. The United States Stock Market is virtually at the same position today it was 10 years ago. There
has been no sustained growth in the market, as measured by the Dow Jones Industrial Average
(DJIA), since January 2000. Please discuss the signs that you see for the future of The United
States stock markets for the next decade.
Solution
There are various factors imapcting the economy of a country both internal and Global. The
Global weightage depends on the share of internation trade of the country. The main focus is
demographics and the fact that the population is rapidly getting older is a major issue for them.
- US has reached its demographic "peak spending" from 2003-2007and his headed for a
"demographic cliff"
- The US stock market will crash . :Our best long-term and intermediate cycles suggest another
slodown and stock crash accelerating between very early 2014 and early 2015, and possibly
lasting into 2016. The worst economic trends due to demographics will hit between 2014 and
2019. The US market will suffer a minor or major crash by 2016, another between late 2017 and
late 2019 or early 2020.
- The US has a crazy amount of debt and the "economists and politicians" have acted like we
can just wave a magic wand of endless monetary injections and bailouts and get over what they
see as a short term crisis. The FED has however started raising rates first time after the crisis in
the year late 2015.
- Business can dominate the years to come by focusing on cash and cash flow, being lean and
mean , deferring major capital expenditure, selling non-strategic real estate and firing weak
employees
- The big challenges are (i) Private and public debt (ii) healthcare and retirement entitlements
(iii) authoritarian governance globally (iv) enviromental pollution that threatens the global
economy