iolel bine remaining 325 Submit Test Question #10 / 25 It is estimated 29% of al

Question

iolel bine remaining 325 Submit Test Question #10 / 25 It is estimated 29% of all adults in United States invest in stocks and that 88% of US adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 25% of U.S. adults have investments in both stocks and fixed income instruments (a) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to 2 deaimal places. (b) What is the probability that a randomly chosen US. adult invests in stocks, given that s/he invests in fixed income instruments? Round your answer to 2 decimal places (if necessary, consult a list of formulas) (b) D Clear Undo x Prev. Question Next Question > https//www.awh.aleks.com/alekscgi//s.exe/to u-lgNkr78P3jH-h ibjbonmDhbYqYrqArS6TCi-HKOMQip4SErDhoxm-ka9k. 13 49 2 3 4 5 6 7

Explanation / Answer

Solution:-

a)P(Fixed income instruments | stocks) = 0.25/0.29 = 0.86

b)P(Stocks | Fixed income instruments) = 0.25/0.88 = 0.28

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