The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table shows the top ten stocks of the "Dogs of the Dow" list for 2015, based on their performance the preceding year. HINT [See Example 2.] Symbol Company Price ($) Yield т AT&T 33.59 5.48% vz Verizon 46.78 4.70% Cvx Chevron 112.18 3.82% MCD McDonald's 93.70 3.63% PFE Pfizer 31.15 3.60% GE General Electric 25.27 3.48% MRK Merck 56.79 3.17% CAT Caterpillar 91.53 3.06% хом ExxonMobil 92.45 2.99% ко Сосaа-Cola 42.22 2.89% If you selected two of these stocks at random, what is the probability that both the stocks in your selection had yields of 3.75% or more? (Enter your probability as a fraction.)

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The "Dogs of the Dow" are the stocks listed on the Dow with the highest
dividend yield. The following table shows the top ten stocks of the "Dogs of
the Dow" list for 2015, based on their performance the preceding year. HINT
[See Example 2.]
Symbol
Company
Price ($) Yield
AT&T
33.59
5.48%
Vz
Verizon
46.78
4.70%
CVX
Chevron
112.18
3.82%
MCD
McDonald's
93.70
3.63%
PFE
Pfizer
31.15
3.60%
GE
General Electric
25.27
3.48%
MRK
Merck
56.79
3.17%
CAT
Caterpillar
91.53
3.06%
хом
ExxonMobil
92.45
2.99%
ко
Соса-Cola
42.22
2.89%
If you selected two of these stocks at random, what is the probability that
both the stocks in your selection had yields of 3.75% or more? (Enter your
probability as a fraction.)
Transcribed Image Text:The "Dogs of the Dow" are the stocks listed on the Dow with the highest dividend yield. The following table shows the top ten stocks of the "Dogs of the Dow" list for 2015, based on their performance the preceding year. HINT [See Example 2.] Symbol Company Price ($) Yield AT&T 33.59 5.48% Vz Verizon 46.78 4.70% CVX Chevron 112.18 3.82% MCD McDonald's 93.70 3.63% PFE Pfizer 31.15 3.60% GE General Electric 25.27 3.48% MRK Merck 56.79 3.17% CAT Caterpillar 91.53 3.06% хом ExxonMobil 92.45 2.99% ко Соса-Cola 42.22 2.89% If you selected two of these stocks at random, what is the probability that both the stocks in your selection had yields of 3.75% or more? (Enter your probability as a fraction.)
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