SOLUTION: Suppose that an investor intends to buy stock in two companies. He has narrowed his interest to 5 stocks -- 3 industrials ( I1 , I2 , I3 ) and 2 utilities ( U1 , U2 ). Suppose
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-> SOLUTION: Suppose that an investor intends to buy stock in two companies. He has narrowed his interest to 5 stocks -- 3 industrials ( I1 , I2 , I3 ) and 2 utilities ( U1 , U2 ). Suppose
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Question 1168032: Suppose that an investor intends to buy stock in two companies. He has narrowed his interest to 5 stocks -- 3 industrials ( I1 , I2 , I3 ) and 2 utilities ( U1 , U2 ). Suppose the investor chooses 2 of these 5 stocks at random. (Note: They must be different stocks For example, I1 and I2 are different stocks as are I1 and U1.)
(b) Let event A = the investor chooses 2 industrial stocks. Find P(A).
