Small values of the Durbin-Watson statistic d (d < 2) indicate a negative first-order autocorrelation

A local university reports that 3% of its students take their general education courses on a pass/fail basis. Assume that 50 students are registered for a general education course

a. Define the random variable in words for this experiment. b. What is the expected number of students who have registered on a pass/fail basis? c. What is the probability that exactly 5 are registered on a pass/fail basis? d. What is the probability that more than 3 are registered on a pass/fail basis? e. What is the probability that less than 4 are registered on a pass/fail basis?

What are the legal maximums for sales loads and 12b-1 fees? May a fund charge a 12b-1 fee and still be advertised as a no-load fund?