Complete question :
It is estimated 28% of all adults in United States invest in stocks and that 85% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 26% of U.S. adults have investments in both stocks and fixed income instruments. (a) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to decimal places. (b) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments?
Answer:
0.929 ; 0.306
Step-by-step explanation:
Using the information:
P(stock) = P(s) = 28% = 0.28
P(fixed income) = P(f) = 0.85
P(stock and fixed income) = p(SnF) = 26%
a) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to decimal places.
P(F|S) = p(FnS) / p(s)
= 0.26 / 0.28
= 0.9285
= 0.929
(b) What is the probability that a randomly chosen U.S. adult invests in stocks, given that s/he invests in fixed income instruments?
P(s|f) = p(SnF) / p(f)
P(S|F) = 0.26 / 0.85 = 0.3058823
P(S¦F) = 0.306 (to 3 decimal places)
Hi I’m just a little bit ago and I’m going to be a little bit
If you would like to solve p = r - c for c, you can do this using the following steps:
p = r - c /+c
p + c = r - c + c
p + c = r /-p
p + c - p = r - p
c = r - p
The correct result would be c = r - p.
Let Sam be (S+8) years while his sister is S years.
S(S+8) = 105
S^2+8S-105 = 0
(S+15)(S-7) = 0
Sam’s sister is 7 years and Sam is 15 years old.
