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Mathematics, 22.02.2021 19:10 karlaperez6852
A mutual fund company offers its customers a variety of funds: a money-market fund, three different bond funds (short, intermediate, and long-term), two stock funds (moderate and high-risk), and a balanced fund. Among customers who own shares in just one fund, the percentages of customers in the different funds are as follows:
Money market 20%
Short-term bond 15%
Intermediate-term bond 11%
Long-term bond 5%
High-risk stock 18%
Moderate-risk stock 24%
Balanced fund 7%
A customer who owns shares in just one fund is to be selected at random.
Required:
a. What is the probability that the selected individual owns shares in the balanced fund?
b. What is the probability that the individual owns shares in a bond fund?
c. What is the probability that the selected individual does not own shares in a stock fund?
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A mutual fund company offers its customers a variety of funds: a money-market fund, three different...
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