Question
Irena Davies manages a portfolio of 200 ordinary shares. Her staff classified the portfolio of shares by industry sector and investment objective. Investment Objective Industry
Irena Davies manages a portfolio of 200 ordinary shares. Her staff classified the portfolio of shares by industry sector and investment objective.
| Investment Objective | Industry Sector |
| ||
| Electronics | Airlines | Healthcare | Total | |
| Growth | 100 | 10 | 40 | 150 |
| Income | 20 | 20 | 10 | 50 |
| Total | 120 | 30 | 50 | 200 |
Are 'Healthcare' and 'Income' independent, why or why not?
Select one:
No, because P(Healthcare | Income) P(Healthcare)
No, because P(Healthcare) P(Income)
Yes, because P(Healthcare Income) = P(Healthcare) P(Income)
Yes, because P(Healthcare Income) 0
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
