Alex wrote the expanded form for the number 165.038 as “100 + 60 + 5 + 30 + 8.” Was he correct? If not, give the correct expande
2 answers:
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Answer:
0.67 = 67% probability that a person who inquires about investments at this firm will invest in stocks or bonds (or both).
Step-by-step explanation:
This question is solved treating these probabilities as Venn events.
I am going to say that:
Event A: Person invests in stocks.
Event B: Person invests in bonds.
65% of the people who inquire about investments at a certain brokerage firm end up investing in stocks
This means that
38% end up investing in bonds
This means that
36% end up investing in both stocks and bonds.
This means that
What is the probability that a person who inquires about investments at this firm will invest in stocks or bonds (or both)?
This is , given by the following equation:
Considering the values we have for this problem:
0.67 = 67% probability that a person who inquires about investments at this firm will invest in stocks or bonds (or both).