A financial planner has three portfolios: A, B, and C. Because investors have different tolerances for risks, 20% of people are likely to invest in portfolio A, 30% more likely to invest in B, and 50% more likely to invest in C. Each portfolio has both stocks and bonds, and investors are equally likely to choose either.  This is a tree diagram that represents the probability of investors choosing the different financial products.  What is the value

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
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A financial planner has three portfolios: A, B, and C. Because investors have different tolerances for risks, 20% of people are likely to invest in portfolio A, 30% more likely to invest in B, and 50% more likely to invest in C. Each portfolio has both stocks and bonds, and investors are equally likely to choose either. 

This is a tree diagram that represents the probability of investors choosing the different financial products. 

What is the value of Z?

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