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Assume that the client will allocate $10,000 to the eight recommended stocks in increments of $1,000, with all allocations being equally likely. Determine the probability
Assume that the client will allocate $10,000 to the eight recommended stocks in increments of $1,000, with all allocations being equally likely. Determine the probability that the client will only purchase stocks that will increase in value over the next year. Explain.
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