SOLUTION: 4 From past experiences a stockbroker believes that under present economic conditions a customer will invest in tax-free bonds with a probability of 0.6, will invest in mutual fund
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Question 641701: 4 From past experiences a stockbroker believes that under present economic conditions a customer will invest in tax-free bonds with a probability of 0.6, will invest in mutual funds with a probability of 0.3, and will invest in both tax-free bonds and mutual funds with a probability of 0.15. At this time, find the probability that a customer will invest.
(a) In either tax-free bonds or mutual funds;
(b) In neither tax-free bonds nor mutual funds.
Answer by Lilmarley808(1) (Show Source): You can put this solution on YOUR website!
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