Respuesta :
Answer:
0.67 = 67% probability that a person who inquires about investments at this firm will invest in stocks or bonds (or both).
Step-by-step explanation:
This question is solved treating these probabilities as Venn events.
I am going to say that:
Event A: Person invests in stocks.
Event B: Person invests in bonds.
65% of the people who inquire about investments at a certain brokerage firm end up investing in stocks
This means that [tex]P(A) = 0.65[/tex]
38% end up investing in bonds
This means that [tex]P(B) = 0.38[/tex]
36% end up investing in both stocks and bonds.
This means that [tex]P(A \cap B) = 0.36[/tex]
What is the probability that a person who inquires about investments at this firm will invest in stocks or bonds (or both)?
This is [tex]P(A \cup B)[/tex], given by the following equation:
[tex]P(A \cup B) = P(A) + P(B) - P(A \cap B)[/tex]
Considering the values we have for this problem:
[tex]P(A \cup B) = 0.65 + 0.38 - 0.36 = 0.67[/tex]
0.67 = 67% probability that a person who inquires about investments at this firm will invest in stocks or bonds (or both).
