SOLUTION: An investment advisor believes that there is a 30% chance of making money by investing in a specific stock. If the stock makes money, then there is a 52% chance that among those ma

Question 1129371: An investment advisor believes that there is a 30% chance of making money by investing in a specific stock. If the stock makes money, then there is a 52% chance that among those making money, they would also get a dividend. Find the probability that the investor makes money but does not receive a dividend.
This was a problem I had on a homework assignment and I had difficulty getting the correct answer. My answer was 16% but I know that it is not correct. I may just be inputting the data incorrectly
Answer by ikleyn(52803) (Show Source): You can put this solution on YOUR website!
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P = 0.3*(1-0.52) = 0.144 = 14.4%.     ANSWER

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