Investing Is a Game of Chance

Multiple Choice

Investing is a game of chance. Suppose there is a 36% chance that a risky stock investment will end up in a totalloss of your investment. Because the rewards are so high, you decide to invest in five independent risky stocks.Find the probability that at least one of your five investments becomes a total loss. Round to the nearestten-thousandth when necessary.

A) 0.8926
B) 0.302
C) 0.0604
D) 0.006