A financial advisor is considering choosing four new companies for a client's portfolio. Suppose we know that 30% of all new companies are profitable. The events that the various companies provide returns are assumed to be independent. a. Calculate the probability that exactly one company gives a positive return. b. How many profitable companies will the advisor expect?

A financial advisor is considering choosing four new companies for a client's portfolio. Suppose we know that 30% of all new companies are profitable. The events that the various companies provide returns are assumed to be independent. a. Calculate the probability that exactly one company gives a positive return. b. How many profitable companies will the advisor expect?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.8: Probabilities Of Disjoint And Overlapping Events

Problem 2C

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