this because if you round 151 to the nearest hundread it would give you 200 but if you round it to the nearest ten ot would give you 150 which is closer to the actual number than 200.

5 0

3 years ago

A mutual fund company offers its customers a variety of funds: a money-market fund, three different bond funds (short, intermedi

bagirrra123 [75]

Answer:

a. 7% probability that the selected individual owns shares in the balanced fund.

b. 31% probability that the individual owns shares in a bond fund.

c. 58% probability that the selected individual does not own shares in a stock fund

Step-by-step explanation:

a. What is the probability that the selected individual owns shares in the balanced fund?

7% of the individuals owns shares in the balanced fund, so 7% probability that the selected individual owns shares in the balanced fund.

b. What is the probability that the individual owns shares in a bond fund?

Bond funds (short, intermediate, and long-term):

15%(short-term) + 11%(intermediate-term) + 5%(long-term)

15%+11%+5% = 31%

31% probability that the individual owns shares in a bond fund.

c. What is the probability that the selected individual does not own shares in a stock fund?

Anything but moderate and high risk stock%.

The sum of all probabilities is 100%.

18% + 24% = 42% own stock fund.

100 - 42 = 58%

58% probability that the selected individual does not own shares in a stock fund

3 0

3 years ago