Tutorial ExerciseThe "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 theirperformance the preceding year. HINT [See Example 2.]SymbolTVZCVXMCDPFEMRKCATXOMCompanyΚΟAT&TVerizonGE General ElectricChevronMcDonald'sPfizerMerckCaterpillarExxonMobilCoca-ColaPrice ($)33.5946.7893.7031.15112.18 3.82%25.2756.7991.5392.45Yield42.225.48%4.70%3.63%3.60%3.48%3.17%3.06%2.99%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 3.5% or more? Step 1We are given a table of the top ten stocks from 2015, along with their performance. We are asked to calculate the probability that if we select two stocks at random, both stocks will haveyields of 3.5% or more.Since we are selecting the stocks at random, we consider each outcome to be equally likely. Recall the formula for the probability of an event E in which all outcomes are equally likely.P(E)==n(E)n(S)The notation n(S) stands for the total number of outcomes in the sample space. Using combinations, we can calculate n(S) by finding the number of ways we could select two stocks from tenwithout replacement.n(S) = c(10, [Submit Skip (you cannot come back)

Given: Using combinations, the value of nS is calculated by finding the number of ways select two…

Answered: The "Dogs of the Dow" are the stocks…

A First Course in Probability (10th Edition)

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Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

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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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Plz complete solution or leave it hanging other wise lots of dislikes.
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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.]