A bond analyst was given a list of 12 corporate bonds. From that list she selected 4 whose ratings she felt were in danger of being downgraded in the next year, In actuality, a total of 5 of the 12 bonds on the list had their ratings downgraded in the next year. Suppose that the analyst had simply chosen 4 bonds randomly from this list. What is the probability that at least 2 of the chosen bonds would be among those whose ratings were to be downgraded in the next year? (Round to four decimal places as needed)

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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A bond analyst was given a list of 12 corporate bonds. From that list she selected 4 whose ratings she felt were in danger of being downgraded in the next year. In actuality, a total of 5 of the 12 bonds on the list had their ratings
downgraded in the next year. Suppose that the analyst had simply chosen 4 bonds randomly from this list. What is the probability that at least 2 of the chosen bonds would be among those whose ratings were to be downgraded in the
next year?
(Round to four decimal places as needed)
Transcribed Image Text:A bond analyst was given a list of 12 corporate bonds. From that list she selected 4 whose ratings she felt were in danger of being downgraded in the next year. In actuality, a total of 5 of the 12 bonds on the list had their ratings downgraded in the next year. Suppose that the analyst had simply chosen 4 bonds randomly from this list. What is the probability that at least 2 of the chosen bonds would be among those whose ratings were to be downgraded in the next year? (Round to four decimal places as needed)
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