Under current economic circumstances, a stockbroker estimates that a client would invest in tax-free bonds (A) with a chance of 0.6 and in mutual funds (B) with a probability of 0.3. He has a 0.15 chance of investing in both tax-free and mutual funds. Determine the probability that the consumer will not invest in any of the two options at this moment.
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Under current economic circumstances, a stockbroker estimates that a client would invest in tax-free bonds (A) with a chance of 0.6 and in mutual funds (B) with a probability of 0.3. He has a 0.15 chance of investing in both tax-free and mutual funds. Determine the probability that the consumer will not invest in any of the two options at this moment.
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- You are interested in the number of people that will visit your restaurant in the noon hour. Historically, there is a 10% chance that more than 10 customers will visit, a 30% chance that more than 8 customers will visit, a 50% chance that more than 6 customers will visit, a 80% chance that more than 4 customers will visit, and a 95% chance that at least 2 customers will visit during the noon hour. What is the probability that 4 or less customers will visit the restaurant -- the number required to break even financially for the day?Express your answer as a percent value. So if your answer is 100% for example, enter 100. Round your answer to the nearest percent.Suppose that 51% of the people who inquire about investments at a certain brokerage firm end up investing in stocks, 41% end up investing in bonds, and 61% end up investing in stocks or bonds (or both). What is the probability that a person who inquires about investments at this firm will invest in both stocks and bonds? Write your answer as a decimal (not as a percentage).An analyst attempting to predict a corporation’s earnings next year believes that the corporation’s business is quite sensitive to the level of interest rates. He believes that, if average rates in the next year are more than 1% higher than this year, the probability of significant earnings growth is 0.1. If average rates next year are more than 1% lower than this year, the probability of significant earnings growth is estimated to be 0.8. Finally, if average interest rates next year are within 1% of this year’s rates, the probability for significant earnings growth is put at 0.5. The analyst estimates that the probability is 0.25 that rates next year will be more than 1% higher than this year and 0.15 that they will be more than 1% lower than this year.a. What is the estimated probability that both interest rates will be 1% higher and significant earnings growth will result?b. What is the probability that this corporation will experience significant earnings growth?c. If the…
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