At an investment bank, 75% of the clients have at least 1m in their account.Futhermore suppose that 60%nhave managed accounts. Finally 70% of the clients with at least 1M in account are managed accounts.  What is the probalility that a random selected client has less than a million in his account OR is personally managed.   Floyd

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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At an investment bank, 75% of the clients have at least 1m in their account.Futhermore suppose that 60%nhave managed accounts. Finally 70% of the clients with at least 1M in account are managed accounts. 

What is the probalility that a random selected client has less than a million in his account OR is personally managed.

 

Floyd

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