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#75. Henry Chow is a stockbroker working for Merrill Lynch. He knows from past experience that there is a 70% chance that his new client
#75. Henry Chow is a stockbroker working for Merrill Lynch. He knows from past experience that there is a 70% chance that his new client will want to include U.S. equity in her portfolio and 50% chance that she will want to include foreign equity. There is also a 40% chance that she will want to include both U.S. equity and foreign equity in her portfolio.
- What is the probability that the client will want to include U.S. equity if she already has foreign equity in her portfolio?
- What is the probability that the client decides to include neither U.S. equity nor foreign equity in her portfolio?
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