SOLUTION: From past experience, 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 fu
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Question 951198: From past experience, 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 edjones(8007) (Show Source): You can put this solution on YOUR website!
a).45+.15+.15=.75
.
b) 1-.75=.25
.
Ed
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