In reviewing retirement portfolios, Kim determined the probability of a client owning stock is 0.60 and the probability of owning a bondis 0.40. The probability of a customer who owns bonds already owning stock is 0.45. What is the probability a client owns bothsecurities in their retirement portfolio?Multiple ChoiceOOO0.300.400.390.27

From the given information let S be the event of owning stock and S be the event of owning bond…

Answered: In reviewing retirement portfolios, Kim…

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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The probability that a sales representative will make a sale is o.20. If the representative talk to six customers, Find the probability that he will make at least four sales.
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The probability of visiting the zoo is 0.80. The probability of visiting the caverns is 0.55. The probability of visiting both is 0.42. What is the probability of the visiting the zoo or the caverns? 1) 0.93 2) 0.44 3) 1.35 4) 0
6. PLEASE HELP me answer this question well explained and calculated. 6.) The probability that a business person will cancel his reservation at the Place des Pins hotel is about 10%. Knowing that the hotel has 56 reservations. A.) determines the probability that at least 10 business people will cancel their reservation; B. determines the probability that exactly 2 business people will cancel their reservation. C.) determines the probability that 5 to 10 people in the business community will cancel their reservation.
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Assume that when adults with smartphones are randomly selected, 36% use them in meetings or classes. If 5 adult smartphone users are randomly selected, find the probability that exactly 2 of them use their smartphones in meetings or classes. what is the probability .
In the United States, voters who are neither Democrat nor Republican are called Independent. It is believed that 9% of voters are Independent. A survey asked 27 people to identify themselves as Democrat, Republican, or Independent. A. What is the probability that none of the people are Independent? Probability = B. What is the probability that fewer than 5 are Independent? Probability = C. What is the probability that more than 3 people are Independent? Probability =

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