A conference began at noon with two parallel sessions. The session on portfolio manage- ment was attended
Question:
A conference began at noon with two parallel sessions. The session on portfolio manage- ment was attended by 40% of the delegates, while the session on chartism was attended by 50%. The evening session consisted of a talk titled, "Is the random walk dead?" This was attended by 80% of all delegates.
(a) If attendance at the sessions on portfolio management and chartism are mutually ex- clusive, what is the probability that a randomly chosen delegate attended at least one these sessions? of
(b) If attendance at the portfolio management and evening sessions are statistically inde- pendent, what is the probability that a randomly chosen delegate attended at least one of these sessions?
(c) Of those attending the chartism session, 75% also attended the evening session. What is the probability that a randomly chosen delegate attended at least one of these two sessions?
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