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A mutual fund company offers its customers a variety of funds a money market rund, three different bond Runds (whort, intermediate, and long-term), two stock

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A mutual fund company offers its customers a variety of funds a money market rund, three different bond Runds (whort, intermediate, and long-term), two stock funds (moderate and high-risk], and a balanced fund. Among customers who ows whares in just one fund, the percentages of customers in the different funds are as follows. Short band 15 Moderateri stack 2 Intermediate bond Balanced Long bond 5% A customer who owns shares in just one fund is randomly selected. (a) What is the probability that the selected individual owns shares in the balanced Fund? () What is the probability that the individual own shares in a bond fund

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