The best way for andrea to build up a diversified portfolio of stocks is; by putting her money into dollar-cost averaging.
<h3>What is dollar-cost averaging?</h3>
Dollar-cost averaging is defined as an investment strategy in whereby the individual periodically purchases target assets or invests in a certain portion of funds in one security.
This therefore tells us that Dollar-cost averaging would reduce the risk tolerance associated with purchasing large stock securities.
Thus, we can recommend dollar cost averaging as the best way for andrea to build up a diversified portfolio of stocks.
Read more about stocks at; brainly.com/question/14360614
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Using the binomial distribution, it is found that there is a:
- 0.0036 = 0.36% probability that both are allergic to pollen.
- 0.1164 = 11.64% probability that at least one is allergic to pollen.
<h3>What is the binomial distribution formula?</h3>
The formula is:
The parameters are:
- x is the number of successes.
- n is the number of trials.
- p is the probability of a success on a single trial.
Researching the problem on the internet, it is found that:
- 6% of the population is allergic to pollen, hence p = 0.06.
- Two people are chosen at random, hence n = 2.
The probability that both are allergic is P(X = 2), hence:
P(X = 2) = 0.06^2 = 0.0036.
0.0036 = 0.36% probability that both are allergic to pollen.
The probability of at least one is:
P(X >= 1) = 1 - P(X = 0) = 1 - 0.94^2 = 1 - 0.8836 = 0.1164.
0.1164 = 11.64% probability that at least one is allergic to pollen.
More can be learned about the binomial distribution at brainly.com/question/24863377
Heat and light energy gets transformed as energy for the plants to grow via the process of photosynthesis. The cows eat the grass, using the grass as an energy source to live and move around. Thus the grass, though indirectly, provides a means of kinetic energy that the cows use to move around and graze in the meadow.