A stockbroker knows from experience that the probability that a client owns stocks is 0.60. P(A) The probability that a client o

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A stockbroker knows from experience that the probability that a client owns stocks is 0.60. P(A) The probability that a client o

wns bonds is 0.50. P(B) The probability that the client owns bonds if he/she already owns stock is 0.55 What is the probability of a client owning stocks OR bonds

Mathematics

1 answer:

Irina18 [472] · Answer 1 · 2022-05-06T10:04:21+03:00

Answer:

the probability of a client owning stocks OR bonds is 0.825

Step-by-step explanation:

The computation of the probability of a client owning stocks OR bonds is given below:

= P(stocks) + P(bonds) - P(stocks and bonds)

= 0.60 + 0.50 - (0.55 × 0.50)

= 0.60 + 0.50 - 0.275

= 0.825

Hence, the probability of a client owning stocks OR bonds is 0.825