Answer:
Step-by-step explanation:
12nl-4=8 start by adding 4 to both sides.
12nl=12/l Divide both sides by l.
12n=12 then divide both sides by 12.
n=1/l
Answer:
(2/3)n + 7
Step-by-step explanation:
Represent the number by n.
Then "two thirds of (that) number" is (2/3)n.
Finally, we add 7:
"Two-thirds of a number increased by seven" is (2/3)n + 7
Answer:
Step-by-step explanation:
Money market 20%
Short-term bond 15%
Intermediate-term bond 11%
Long-term bond 5%
High-risk stock 18%
Moderate-risk stock 24%
Balanced fund 7%
a) Here, it can be seen that the probability that the selected individual owns shares in the balanced fund is 0.07
b)
Short-term bond 15%
Intermediate-term bond 11%
Long-term bond 5%
Total 31%
So it can be observed that the probability that the individual owns shares in a bond fund is 0.31
c)
High-risk stock 18%
Moderate-risk stock 24%
Total 42%
So it is observable that the probability of an individual having a shares in a stock fund is 42%. However, if we need to find probability that an indiividual does not own shares in a stock fund: 1 - 0.42 = 0.58
