document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=359221>Question 359221</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose there is a 36% chance that a risky stock investment will end up in a total loss of your investment.  Because the rewards are so high, you decide to invest in three independent risky stocks.  Find the probability that at least one of your three investments becomes a total loss? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #256396 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=256396\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Suppose there is a 36% chance that a risky stock investment will end up in a total loss of your investment. Because the rewards are so high, you decide to invest in three independent risky stocks. Find the probability that at least one of your three investments becomes a total loss?<BR>\n" );
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document.write( "P(at least one total loss) = 1 - P(no total losses)<BR>\n" );
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document.write( "P(at least one) = 1 - 0.64^3 = 0.7379<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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