Essay
THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
An investment firm has classified its clients according to their gender and the composition of their investment portfolio (primarily bonds,primarily stocks,or a balanced mix of bonds and stocks).The proportions of clients falling into the various categories are shown in the following table:
Portfolio Composition
One client is selected at random,and two events A and B are defined as follows:
A: The client selected is male.
B: The client selected has a balanced portfolio.
-What is P(B)?
Correct Answer:
Verified
P(B)= 0.25...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q253: The conditional probability of A,given B,must be
Q254: The probabilities that may be computed by
Q255: THE NEXT QUESTIONS ARE BASED ON THE
Q256: THE NEXT QUESTIONS ARE BASED ON THE
Q257: If a plane has just left 40
Q259: THE NEXT QUESTIONS ARE BASED ON THE
Q260: Which of the following would fit the
Q261: If P(A ∩B)= 1,then A and B
Q262: Let event A be that there are
Q263: If either event A or event B