Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A first-time investor has found the following percentages of stocks that are available: 30% are low risk, 45% are moderate risk, and 25% are high

A first-time investor has found the following percentages of stocks that are available: 30% are low risk, 45% are moderate risk, and 25% are high risk. She decides that she is going to pick 2 stocks at random and independently of one another and invest in those stocks. What is the probability that both stocks she selects are moderate risk or both stocks are high risk? (Round your answer to 4 decimal places.)

Group of answer choices

.0127

.2650

.4500

.1525

What is the probability that one stock is moderate and one stock is low? (Round your answer to 4 decimal places)

Group of answer choices

0.1350

0.0182

0.2700

0.1125

What is the probability that at least one of the stocks is high risk? (Round your answer to 3 decimal places)

Group of answer choices

0.563

0.438

0.248

0.798

.9100

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jack Kapoor

6th Edition

0072350849, 9780072350845

More Books

Students also viewed these Finance questions