DEFINITION of 'Constant Ratio Plan' Aconstant ratio plan is a strategic asset allocation strategy, or formula, which keeps the aggressive and conservative portions of a portfolio set at a fixedratio.
If he hits the target 95% of the time, then you could say that he has a probability of 0.95, or 95% of hitting the target. Let p = the probability of hitting the target or p = 0.95. So you are interested that he misses the target at least once - this could be thought of as not getting a perfect score. So to get a perfect score, it is 0.95 for each target -- 0.95^15 for 15 targets is 0.464. Thus to miss at least one target he needs to NOT have a perfect score -- 1 - 0.464 = 0.536, or 53.6% of happening. Enjoy
60.7 because you add all the sides together
Answer:
Step-by-step explanation:
Given
P(A or B)= P(B)-P(A and B)
P(A)=1/3
P(A and B)=1/8
P(A or B)= 3/4
Required
Find P(B)
To find P(B), all we need to do is to substitute values of P(A or B) and P(A and B) in the given equation.
This goes thus;
P(A or B) = P(B) - P(A and B) becomes
Make P(B) the subject of formula
Take L.C.M
Add fractions
From the workings above, the value of P(B) using the given equation is 
