You spent $529 on several shares of stock. When you sold the stock, you received $725. What was your net profit or loss?
1 answer:
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<h2>Hello!</h2>
The answer is: 33.33%
<h2>Why?</h2>Since we have the average number of accidents that occurs in 1 month, and it's equal to 3, we can calculate the probability of 1 accident occurs by dividing it into the average number of accidents, using the following formula:
Where,
Favorable outcomes are the occurrence of the event, for this case, it's equal to 1.
Outcomes are the possible occurrence of the event, for this case, it's equal to 3.
So, by substituting we have:
So, the probability will be equal to 33.33%
Have a nice day!