A survey of 200 college graduates who have been working for at least 3 years found that
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A survey of 200 college graduates who have been working for at least 3 years found that 90 owned only mutual funds, 20 owned only stocks, and 70 owned both.
a. What is the probability that an individual owns a stock? A mutual fund?
b. What is the probability that an individual owns neither stocks nor mutual funds?
c. What is the probability that an individual owns either a stock or a mutual fund?
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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