Interpretation An investment opportunity boasts that the chance of doubling your money in 3 years is 95%.
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Interpretation An investment opportunity boasts that the chance of doubling your money in 3 years is 95%. However, when you research the details of the investment, you estimate that there is a 3% chance that you could lose the entire investment. Based on this information, are you certain to make money on this investment? Are there risks in this investment opportunity?
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Related Book For 
Understandable Statistics Concepts And Methods
ISBN: 9780357719176
13th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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