Question
In a survey of 200 employees of a company regarding their 401(k) investments, the following data were obtained: 141 had investments in stock funds. 91
In a survey of 200 employees of a company regarding their 401(k) investments, the following data were obtained:
141 had investments in stock funds.
91 had investments in bond funds.
60 had investments in money market funds.
47 had investments in stock funds and bond funds.
36 had investments in stock funds and money market funds.
36 had investments in bond funds and money market funds.
22 had investments in stock funds, bond funds, and money market funds.
What is the probability that an employee of the company chosen at random
a. Had investments in exactly two kinds of investment funds?
b. Had investments in exactly one kind of investment fund?
c. Had no investment in any of the three types of funds?
Step by Step Solution
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Step: 1
a At first you might think to add up 473636 119 then divide by the total number of employees 200 How...
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Cornerstones Of Managerial Accounting
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
4th Edition
978-0538473460, 0538473460
