It is estimated 28% of all adults in United States invest in stocks and that 85% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 24% of U.S. adults have investments in both stocks and fixed income instruments. (a) What is the probability that a randomly chosen U.S. adult invests in stocks, given that he or she invests in fixed income instruments? Round your answer to the nearest hundredth. (b) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to the nearest hundredth. X
It is estimated 28% of all adults in United States invest in stocks and that 85% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 24% of U.S. adults have investments in both stocks and fixed income instruments. (a) What is the probability that a randomly chosen U.S. adult invests in stocks, given that he or she invests in fixed income instruments? Round your answer to the nearest hundredth. (b) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to the nearest hundredth. X
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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