Question 2: The axioms and properties of probability_(A Certain fund company offers its customers a variety offunds. The percentages of customers in the different funds areas follows:High-risk stock 12%Moderate-risk stock 25%Intermediate bond 18%Long bond 8%Short bond 11%And the rest is the Balanced fund.a) What is the probability that a randomly selected individualowns shares in a bond fund? [db) What is the probability that the selected individual does notown shares in a stock fund?

P(that the individual owns share in high risk stock)=12100=0.12 P(that the individual owns share in…

Answered: a) What is the probability that a…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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(d) Identify any unusual events. Explain. O A. The event in part (b) is unusual because its probability is less than 0.05. B. The event in part (a) is unusual because its probability is less than 0.05. O c. The event in part (c) is unusual because its probability is less than 0.05. OD. There are no unusual events, because all of the probabilities are greater than 0.05.
Find the missing probability. 7) P(A) = 0.4 P(A and B) = 0.18 P(BA) = ? 9) P(A and B) = 0.035 P(BA)=0.05 P(A) = ? 11) P(B) = 0.5 P(A/B) = 0.54 P(A and B) = ? 13) P(A)=0.35 P(A and B)= 0.14 P(B|A) = ? 8) P(A and B) = 0.1 P(BA)=0.25 P(A) = ? 10) P(A)=0.6 P(BA) = 0.55 P(A and B) = ? 12) P(B) = 0.25 P(A and B)=0.07 P(A/B) = ? 14) P(A and B) = 0.08 P(BA)=0.4 P(4)= ? -1-
A survey of 200 randomly selected high school students determined that 14 play organized sports. (a) What is the probability that a randomly selected high school student plays organized sports? (b) Interpret this probability. ... (a) The probability that a randomly selected high school student plays organized sports is (Round to the nearest thousandth as needed.) (b) Choose the correct answer below. (Type a whole number.) OA. If 1,000 high school students were sampled, it would be expected that exactly of them play organized sports. OB. If 1,000 high school students were sampled, it would be expected that about of them play organized sports.
In a sample of college students, 100 live on campus, 60 live with family off campus, and 40 live in an apartment off-campus a.What is the probability a randomly selected student lives off-campus? b. What type of probability (theoretical, empirical, or intuitive) did you use to determine your answer?
16 percent of the customers of a mortgage company default on their payments. A sample of 5 customers is selected. What is the probability that exactly 2 customers in the sample will default on their payments? Answer:
17. Made in America In a recent Harris Poll, a random sample of adult Americans (18 years and older) was asked, "When you see an ad emphasizing that a product is 'Made in America,' are you more likely to buy it, less likely to buy it, or neither more nor less likely to buy it?" The results of the survey, by age group are presented in the following contingency table 18-34 35-44 45-54 55+ More likely 238 329 360 402 1329 Less likely 22 22 16 66 282 Neither more 201 164 118 765 nor less likely Total 542 536 546 536 2160 Source: The Harris Poll
Five families each have two sons and no daughters. Assuming boy and girl babies are equally likely, what is the probability of this event? The probability is (Type an integer or a simplified fraction.) ...

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a) What is the probability that a randomly selected individual owns shares in a bond fund? [ d b) What is the probability that the selected individual does not own shares in a stock fund?