WEBASSIGN Final Exam (Exam) 18 22 2 2331 32 33 34 3s nstructions You have 180 mi

Question

WEBASSIGN Final Exam (Exam) 18 22 2 2331 32 33 34 3s nstructions You have 180 minules .5 Houn) fom when you start he qu Sdents wih SAS pproval will get wice the Sme Thene an 43quetion: 18 problems and 25 multple cholce RECOMMEND YOU TAKE THIS EXAM ON CAMPUS IT IS YOUR RESPONSILITY TO ENSURE YOU HAVE CONTINUOUS INTERNET AND ELECTRICITY A mubuil fund company offes its customers a vanety of funds a moneymarket fund, three difflerent bond funds (short, intermediate, and long-term), e (a) What is the probability that the selected individual oens shares in the balnced ) what sthe ary tat the selected ndidu" not-shares n

Explanation / Answer

(a) since % of balance fund customer is 8% , so required probability=0.08

(b) there are two type of bond fund i.e. intermediate bond=9% and long bond=5%

so required probability of individual owns shares on bond fund=0.09+0.05=0.14

(c)required answer =0.49

there are three type of stock i.e. high risk=25%, moderate risk=18% and Balanced 8%

so probability of individual own stock fund=0.25+0.18+0.08=0.51

therefore probability of indiviudal doesnot own stock fund=1-probability of individual own stock fund=1-0.51=0.49

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.