document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1148496>Question 1148496</A>: <I><SPAN STYLE=\"word-break: break-all;\"> an investor purchased 100 shares of fifth third bank stock and 100 shares of santee electric cooperative stock.the probability the bank stock will appreciate over a year is 70. the probability the electric utility will increase over the same period is 60. what is the probability both stocks appreciate during the period?<BR>\n" );
document.write( "what is the probability the bank appreciates but the utility does not?<BR>\n" );
document.write( "what is the probability at least one of the stocks appreciates?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #769851 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52788)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=769851\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "(a)  &nbsp;&nbsp;What is the probability both stocks appreciate during the period?\r<BR>\n" );
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document.write( "     P = 0.7*0.6.\r\n" );
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document.write( "(b) &nbsp;&nbsp;What is the probability the bank appreciates but the utility does not?\r<BR>\n" );
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document.write( "     P = 0.7*(1-0.6).\r\n" );
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document.write( "(c)  &nbsp;&nbsp;what is the probability at least one of the stocks appreciates?\r<BR>\n" );
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document.write( "     P = 0.7*(1-0.6) + (1-0.7)*0.6\r\n" );
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document.write( "Solved, answered and completed.\r<BR>\n" );
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