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Mathematics, 24.09.2020 06:01 damientran
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 25% High-risk stock 10% Moderate-risk stock 15% Short bond 12% Intermediate bond 7% Long bond 8% Balanced 23% A customer who owns shares in just one fund is randomly selected. a) What is the probability that the selected individual owns shares in the balanced fund? For your answer, please report the answer in decimals. For example, 50% would be submitted as .5.
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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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