It is estimated that 28% of all adults in the United States invest in stocks and that 84% of U. S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 24% of U. S. adults have investments in both stocks and fixed income instruments. Question 1) What is the probability that a randomly chosen stock investor also invests in fixed income instruments? Round your answer to 2 decimal places.

Question 2)What is the probability that a randomly chosen U. S. adult invests in stocks, given that s/he invests in fixed income instruments? Round your answer to 2 decimal places.

5.5

step-by-step explanation:

(0,-3) see attached graph

step-by-step explanation:

a. to solve the system, graph the two equations.

x = y+3 becomes y=x-3 has m=1/1 and b=-3. start at (0,-3) on the y-axis and plot a point. then move up 1 unit and 1 unit to the right. plot a point and connect.

y=-4x+3 has m =-4/1 and b=-3. start at (0,-3) on the y-axis and plot a point. then move down four units and to the right 1 unit. plot a point and connect.

the solution is the point (x,y) where the two lines intersect. by the graph below it is (0,-3).

b. to solve by substitution, substitute y = -4x-3 into x= y+3

x= (-4x-3) +3

x=-4x

5x=0

x=0

now substitute x = 0 back in to find y.

y= -4(0)-3

y=0-3

y=-3

solution is (0,-3)

c. use elimination by adding the equations together.

x-y=3

4x+y=-3

5x=0

x=0

then substitute into one equation to find y.

y=-4(0)-3

y=-3