Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock broker has classified her portfolio of stocks by industry sector and investment objective. The results are given in the table below: Electronics Airlines
A stock broker has classified her portfolio of stocks by "industry sector" and "investment objective." The results are given in the table below:
Electronics | Airlines | Healthcare | ||
Slow growth | 64 | 55 | 85 | 204 |
Moderate Growth | 80 | 70 | 57 | 207 |
Rapid Growth | 65 | 74 | 50 | 189 |
209 | 199 | 192 | 600 |
- Suppose a stock is selected at random. What is the probability the stock is in the airline sector? Enter your answer in blank #1.
- Suppose a stock is selected at random. What is the probability the stock is in the electronics sector and is moderate growth? Enter your answer in blank #2.
- Suppose a stock is selected at random. What is the probability the stock is in the healthcare sector or is slow growth? Enter your answer in blank #3.
- Suppose a stock is selected at random. What is the probability the stock is a rapid growth stock given that it is an electronics stock? Enter your answer in blank #4.
- Are the events "healthcare" and "moderate growth" independent? Explain your answer. Enter your answer in blank #5.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started