TCS
Company
Amo ng a group of 2500 peo ple, 35 perc ent invest in municipal bo nds, 18 perc ent invest in
oil stocks, and 7 perc ent invest in bot h municipal bonds and oil stock s. If 1 perso n is to be
rando mly selected fro m 2500 people, what is the probability t hat the perso n selected w ill
be o ne who invests in municipal bonds but not in oil stocks?
(a) 0.28 (b) 0.3 (c) 2.8 (d) 0.025
Read Solution (Total 2)
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- 35 perc ent invest in municipal bo nds, 18 perc ent invest in
oil stocks, and 7 percent invest in both municipal bonds and oil stocks.
so 35-7=28% invest in municipal bonds only.
so the probability t hat the person selected will
be o ne who invests in municipal bonds but not in oil stocks = 0.28
- 12 years agoHelpfull: Yes(12) No(0)
- how d probability s oly one??
- 12 years agoHelpfull: Yes(0) No(0)
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