We 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 stocksat random, both stocks will have yields 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 whichall outcomes are equally likely.P(E) -n(E)n(S)The notation n(5) stands for the total number of outcomes in the sample space. Using combinations, we can calculate n(S) by finding the number ofways we could select two stocks from ten without replacement.n(s) c(10, 2W10X

It is given that Total number of stocks = 10 Stocks to be selected = 2

Answered: The notation n(S) stands for the total…

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 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 ten without replacement. n(s)-(10, 2 ) 10 x