A financial advisor is considering choosing four new companies for a client's portfolio. Suppose we know that 30% of all new companies are profitable. The events that the various companies provide returns are assumed to be independent. a. Calculate the probability that exactly one company gives a positive return. b. How many profitable companies will the advisor expect?
A financial advisor is considering choosing four new companies for a client's portfolio. Suppose we know that 30% of all new companies are profitable. The events that the various companies provide returns are assumed to be independent. a. Calculate the probability that exactly one company gives a positive return. b. How many profitable companies will the advisor expect?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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A financial advisor is considering choosing four new companies for a client's
portfolio. Suppose we know that 30% of all new companies are profitable. The events
that the various companies provide returns are assumed to be independent.
a. Calculate the
b. How many profitable companies will the advisor expect?
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