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Irina-Kira [14]
3 years ago
11

Types of bonds are divided into three categories: good risk, medium risk, and poor risk. Assume that of a total of 11, 332 bonds

, 7,311 are good risk, 1,182 are medium risk, and the rest are poor risk. One bond is chosen at random. What is the probability that the bond is not a poor ? Write only a number as your answer. Round to two decimal places (for example : 0.43). Do not write as a percentage .
Mathematics
1 answer:
Alekssandra [29.7K]3 years ago
3 0

Answer:

Probabilty of not poor= 0.75

Step-by-step explanation:

total of 11332 bonds.

7311 are good risk.

1182 are medium risk.

Poor risk

= total risk-(good risk+ medium risk)

= 11332-(7311+1182)

= 11332-8493

= 2839.

Poor risk = 2839

Probabilty that the ball choosen at random is not poor= 1 - probability that the ball is poor

Probability of poor = 2839/11332

Probabilty of poor= 0.2505

Probabilty that the ball choosen at random is not poor= 1- 0.2505

= 0.7495

To two decimal place= 0.75

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