22) Your stock portfolio includes 3 categories of companies: Electronics, Automotive, and Pharmaceutical. The table below shows the performances of the stocks in your portfolio after one year. Increased Unchanged Decreased Total Electronics 10 25 Automotive 1 10 Pharmaceutical 4 6. 15 Total 15 20 15 50 Find the probability that a Pharmaceutical stock from your portfolio changed in value after one year, that is, it either increased or decreased. a) 0.12 b) 0.4 c) 0.2 d) 0.9 e) 0.5 f) none of these

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 50E: Medicine Out of a group of 9 patients treated with a new drug, 4 suffered a relapse. Find the...
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22) Your stock portfolio includes 3 categories of companies: Electronics, Automotive, and Pharmaceutical.
The table below shows the performances of the stocks in your portfolio after one year.
Increased
Unchanged
Decreased
Total
Electronics
10
7
25
Automotive
1
6.
10
Pharmaceutical
4
2
15
Total
15
20
15
50
Find the probability that a Pharmaceutical stock from your portfolio changed in value after one year, that is, it
either increased or decreased.
a) 0.12
b) 0.4
c) 0.2
d) 0.9
e) 0.5
f) none of these
Transcribed Image Text:22) Your stock portfolio includes 3 categories of companies: Electronics, Automotive, and Pharmaceutical. The table below shows the performances of the stocks in your portfolio after one year. Increased Unchanged Decreased Total Electronics 10 7 25 Automotive 1 6. 10 Pharmaceutical 4 2 15 Total 15 20 15 50 Find the probability that a Pharmaceutical stock from your portfolio changed in value after one year, that is, it either increased or decreased. a) 0.12 b) 0.4 c) 0.2 d) 0.9 e) 0.5 f) none of these
Expert Solution
Step 1

Let A be the event such that  pharmaceutical stock is increased 

B be the event such that  pharmaceutical stock is decreased 

n(A)=4, n(B)=2

n(total)=50 

n(A⋂B)=0 

P(A or B)= ? 

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