The Phrase "Dogs of the Dow" Refers to the Stocks

Essay

The phrase "Dogs of the Dow" refers to the stocks listed in the Dow with the highest dividend yield. This table shows the top ten stocks of the "Dogs in the Dow" list. If you selected four of these stocks at random, what is the probability that your selection included the company with the highest yield and excluded the company with the lowest yield $$\begin{array} { | c | c | c | } \hline \text { Symbol } & \text { Company } & \text { Yield } \\\hline \text { SBC } & \begin{array} { c } \text { SBC } \\\text { Communications }\end{array} & 5.48 \% \\\hline \text { GM } & \text { General Motors } & 5.48 \% \\\hline \text { MRK } & \text { Merck } & 5.42 \% \\\hline \text { MO } & \text { Altria } & 4.55 \% \\\hline \text { VZ } & \text { Verizon } & 4.32 \% \\\hline \text { JPM } & \text { JP Morgan Chase } & 3.68 \% \\\hline \text { C } & \text { Citigroup } & 3.64 \% \\\hline \text { PFE } & \text { Pfizer } & 3.12 \% \\\hline \text { DD } & \text { DuPont } & 2.96 \% \\\hline \text { GE } & \text { General Electric } & 2.46 \% \\\hline\end{array}$$