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 20%
Short-term bond 15%
Intermediate-term bond 11%
Long-term bond 5%
High-risk stock 18%
Moderate-risk stock 24%
Balanced fund 7%

A customer who owns shares in just one fund is to be selected at random.

Required:
a. What is the probability that the selected individual owns shares in the balanced fund?
b. What is the probability that the individual owns shares in a bond fund?
c. What is the probability that the selected individual does not own shares in a stock fund?

Answers

Answer 1

Answer:

a. 7% probability that the selected individual owns shares in the balanced fund.

b. 31% probability that the individual owns shares in a bond fund.

c. 58% probability that the selected individual does not own shares in a stock fund

Step-by-step explanation:

a. What is the probability that the selected individual owns shares in the balanced fund?

7% of the individuals owns shares in the balanced fund, so 7% probability that the selected individual owns shares in the balanced fund.

b. What is the probability that the individual owns shares in a bond fund?

Bond funds (short, intermediate, and long-term):

15%(short-term) + 11%(intermediate-term) + 5%(long-term)

15%+11%+5% = 31%

31% probability that the individual owns shares in a bond fund.

c. What is the probability that the selected individual does not own shares in a stock fund?

Anything but moderate and high risk stock%.

The sum of all probabilities is 100%.

18% + 24% = 42% own stock fund.

100 - 42 = 58%

58% probability that the selected individual does not own shares in a stock fund


Related Questions

How many 11-card hands are possible with a 20-card deck?

Answers

There is only 1 possible 11-card hand that can be formed from a 20-card deck.

To determine the number of 11-card hands possible with a 20-card deck, we can use the concept of combinations.

The number of combinations, denoted as "nCk," represents the number of ways to choose k items from a set of n items without regard to the order. In this case, we want to find the number of 11-card hands from a 20-card deck.

The formula for combinations is:

nCk = n! / (k!(n-k)!)

Where "!" denotes the factorial of a number.

Substituting the values into the formula:

20C11 = 20! / (11!(20-11)!)

Simplifying further:

20C11 = 20! / (11! * 9!)

Now, let's calculate the factorial values:

20! = 20 * 19 * 18 * ... * 2 * 1

11! = 11 * 10 * 9 * ... * 2 * 1

9! = 9 * 8 * 7 * ... * 2 * 1

By canceling out common terms in the numerator and denominator, we get:

20C11 = (20 * 19 * 18 * ... * 12) / (11 * 10 * 9 * ... * 2 * 1)

Performing the multiplication:

20C11 = 39,916,800 / 39,916,800

Finally, the result simplifies to:

20C11 = 1

Consequently, with a 20-card deck, there is only one potential 11-card hand.

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7. The first term of a geometric sequence is 27, the last term is 8 and the sum of the
associated series is 65.
What is the common ratio and how many terms are there in the series?​

Answers

Step-by-step explanation:

nddjdjdkdkfbfbnfkfkgkngnngn

Bashir has a loyalty card good for a 10% discount at his local hardware store. What would his total in dollars and cents be, after the discount and before tax, if the total cost of all the items he wants to buy is $11? Round to the nearest cent.

Answers

The total cost of all the items he wants to buy with the applied discount and before tax is $9.9.

What is the percentage?

A percentage is a value per hundredth. Percentages can be converted into decimals and fractions by dividing the percentage value by a hundred.

Given, Bashir has a loyalty card good for a 10% discount at his local hardware store.

So, Each good he buys at (100 - 10)% = 90% of the value before tax.

He wants to buy some items that cost $11  before the discount and tax.

Therefore the amount he has to pay is,

= (90/100)×11.

= $9.9

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Brittany walked 8,910 feet in 45 minutes. She walked at a constant rate. At what rate did Brittany walk in feet per minute?

Answers

Answer:

198 feet

Step-by-step explanation:

8,910 / 45 = 198

198 feet
Answer because I got it right

How do you simplify
x2+2x-8
x2+6x+8

Answers

Answer:

x4+8x

Step-by-step explanation:

x2+x2=x4

2x+6x=8x

(-8)+8=0

You cant add x4 and 8x so thats your final answer

Find the set of solutions for the equation 2x+5=2x

Answers

Answer:

hope i could help you

Step-by-step explanation:

have a nice day

Find the set of solutions for the equation 2x+5=2x
(x + 2)(x + 3). This yields x = –2, –3.

Evaluate the expression
“-8.56x + 31.7 for x= 75.6”

A. -615.436
B. 614.436
C. 615.436
D. -614.436

Answers

Answer:

Substitute

Step-by-step explanation:

x=75.6

-8.56(75.6) + 31.7=-615.436

Answer: -615.436

The counting number just before C5F sixteen is

Answers

the counting number just before C5F16 is 3,072.

(8+7x)9= simplify using distributive property

Answers

Answer:

72 + 63x

Step-by-step explanation:

(8+7x) x 9 =

8 x 9 + 7x x 9 -

72 + 63x

Hope that helps!

Answer:

\(\huge\boxed{\boxed{\sf{72+63x}}}\)

Step-by-step explanation:

Hello.

In order to simplify this expression, we need to

multiply  8+7x times 9

8×9=72

7x×9=63x

72+63x

And we're done!

I hope it helps & have an outstanding day!

~ST2710 :)

4x+5(7x-3)=9(x-5)
x=???

Answers

Answer:

i think its 3 im not sure

Step-by-step explanation:

Answer:

x = -1

Step-by-step explanation:

Given equation,

→ 4x + 5(7x - 3) = 9(x - 5)

Now the value of x will be,

→ 4x + 5(7x - 3) = 9(x - 5)

→ 4x + 35x - 15 = 9x - 45

→ 39x - 15 = 9x - 45

→ 39x - 9x = -45 + 15

→ 30x = -30

→ x = -30/30

→ [ x = -1 ]

Hence, the value of x is -1.


What is the value of the underlined digit?
5(3)
Enter the correct answer in the box.

Answers

Answer: tens

Step-by-step explanation:

marisol has 4/1/2 cups of flour a biscuit recipe she wants to try requirs 3/4 cup of flour for a single bath of biscuits how many batch of biscuits can marisol make

Answers

Answer:

6 batches

Step-by-step explanation:

You take the amount of cups that she has and you divide it by the amount of cups it takes to make a single batch. Hope this helped!

Solve the equation log(base 2)(x) + log(base 4)(x+1) = 3.​

Answers

We can use the logarithmic identity log_a(b) + log_a(c) = log_a(bc) to simplify the left side of the equation:

log_2(x) + log_4(x+1) = log_2(x) + log_2((x+1)^(1/2))

Using the rule log_a(b^c) = c*log_a(b), we can simplify further:

log_2(x) + log_2((x+1)^(1/2)) = log_2(x(x+1)^(1/2))

Now we can rewrite the equation as:

log_2(x(x+1)^(1/2)) = 3

Using the rule log_a(b^c) = c*log_a(b), we can rewrite this as:

x(x+1)^(1/2) = 2^3

Squaring both sides, we get:

x^2 + x - 8 = 0

This is a quadratic equation that can be solved using the quadratic formula:

x = (-b ± sqrt(b^2 - 4ac)) / 2a

where a = 1, b = 1, and c = -8. Plugging in these values, we get:

x = (-1 ± sqrt(1^2 - 4(1)(-8))) / 2(1)

x = (-1 ± sqrt(33)) / 2

x ≈ -2.54 or x ≈ 3.54

However, we must check our solutions to make sure they are valid. Plugging in x = -2.54 to the original equation results in an invalid logarithm, so this solution is extraneous. Plugging in x = 3.54 yields:

log_2(3.54) + log_4(4.54) = 3

0.847 + 0.847 = 3

So x = 3.54 is the valid solution to the equation.

Isaac is buying ingredients to bake 4 batches of chocolate chip walnut cookies, and each batch requires 1 bag each of chocolate chips and walnuts. His receipt shows a total of $17.92. He remembers that the chocolate chips were $2.59 per bag, but he can't remember how much each bag of walnuts costs. How can Isaac determine the cost per bag of walnuts? Match each step of the arithmetic solution with the correct description. Step 1 Step 2 :: Divide 17.92 by 4. II :: Subtract 2.59 from 4.48. :: Add 2.59 to 4.48. :: Multiply 17.92 by 4. :: Subtract 2.59 from 71.68.​

Answers

The cost of each bag of walnut can be determined following the below steps and each bag of walnut is $1.89

What is the cost of each bag of walnut?

Total receipt= $17.92

4 batches of chocolate chip walnut cookies requires 4 bags each of chocolate chips and walnuts if each batch requires 1 bag each of chocolate chips and walnuts

Cost of chocolate chips = $2.59

Cost of 4 bags of chocolate chips = 4($2.59)

= $10.36

Total cost of 4 bags of walnuts = Total receipt - Cost of 4 bags of chocolate chips

= $17.92 - $10.36

= $7.56

Cost of each bag of walnut= Total cost of 4 bags of walnuts / 4

= $7.56 / 4

= $1.89

Therefore, each bag of walnut cost $1.89

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Answer: Step 1: Divide 17.92 by 4

              Step 2: Subtract 2.59 from 4.48

Step-by-step explanation:

PLEASE HELP
Order cube root of fifty-eight, thirty-two over seven, square root of twenty-eight from greatest to least.

square root of twenty-eight, thirty-two over seven, cube root of fifty-eight
thirty-two over seven, square root of twenty-eight, cube root of fifty-eight
cube root of fifty-eight, square root of twenty-eight, thirty-two over seven
thirty-two over seven, cube root of fifty-eight, square root of twenty-eight

Answers

Answer:

sqrt28, 32/7, cubrt58

Step-by-step explanation:

It says to order "greatest to least" so that means the biggest number goes first, then smaller next, and the smallest goes last.

sqrt25 is 5 and sqrt28 would be a little bigger, so 5.something. (you can find exactly on a calculator, but we don't need exact)

28/7 is 4 and 35/7 is 5. So 32/7 is in between, so like 4.something.

cuberoot27 is 3 and cuberoot64 is 4. So cuberoot58 is in between, it is 3.something.

So in order from big to small is

5...

4...

3...

which is

sqrt28,

32/7

cubrt58

The order from greatest to least will be the square root of twenty-eight, thirty-two over seven, and cube root of fifty-eight. Then the correct option is A.

What is descending order?

It is the order of the numbers in which the biggest number comes first and then followed by the next number and then the last number will be the smallest one.

Order cube root of fifty-eight, thirty-two over seven, square root of twenty-eight from greatest to least.

∛58, 32/7, and √28

The expression is converted into decimal form, then we have

∛58, 32/7, and √28

3.87, 4.57, and 5.29

Then the order of the numbers from greatest to least will be

√28 > 32/7 > ∛58

The order from greatest to least will be the square root of twenty-eight, thirty-two over seven, and cube root of fifty-eight. Then the correct option is A.

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39. From the top of a vertical cliff 50 meters high, the angles of depression of an object that is levelled with
the base of the cliff is 30°. How far is the object from the base of the cliff?
A. 50 meters
B. 50-√3 meters
C. 100 meters
D. 100-√3 meters
40. What expression is used to answer: "A 4-m tall man stands on horizontal ground 43 m from a tree.
The angle of depression from the top of the tree to his eyes is 22°. Estimate the height of the tree."
A. sin 22
B. cos 22
C. tan 22
D. cot 22
41. From the top of the building of a food chain, the angle of depression from where Miguel stands is
45°. If the building is 12 meters high, how far is he from it?
A. 11 meters
B. 12 meters
C. 13 meters
D. 14 meters
42. A plane, at an altitude of 3,000 feet, observes the airport at an angle of 27°. What is the
horizontal distance between the plane and the airport to the nearest foot?
A. 3,000 feet
B. 4,000 feet
C. 5,000 feet
D. 6,000 feet
43. An escalator has an angle of elevation of 10° and a vertical rise of 6 m. Find the length of the
escalator.
C. 34.55 m
D. 36 m
A. 6,09 m
B. 34,03 m

Answers

Answer: cos4

Step-by-step explanation: 50 meters

B. 50-√3 meters

C. 100 meters

D. 100-√3 meters

40. What expression is used to answer: "A 4-m tall man stands on horizontal ground 43 m from a tree.

The angle of depression from the top of the tree to his eyes is 22°. Estimate the height of the tree."

A. sin 22

B. cos 22

C. tan 22

D. cot 22

which of the following angle pairs represent consultative interior angles please help​

which of the following angle pairs represent consultative interior angles please help

Answers

The correct option is b, the pair of consecutive interior angles is 1 and 7.

Which of the following angle pairs represent consultative interior angles?

First, we can see that the interior angles are the angles that are "interior" to the intersections.

These are 1, 4, 6, and 7.

Because the two lines are parallel, the consecutive interior angles are angles that would be adjacent (add up to 180°) but that are in different intersections.

Then the consecutive interior angles are:

3 and 6

1 and 7

The correct option is b.

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Not sure how I would graph this

Not sure how I would graph this

Answers

Answer:

hope it helps uh..........

Not sure how I would graph this

Sean burns 8.5 calories per minute when he runs. How many calories does he burn if he
runs for 45 minutes?

Answers

Answer:382.5

Step-by-step explanation: 45 x 8.5 = 382.5

A realtor receives 7% commission for each home for each home she sells. She sold a home recently, earning a commission of $17,500. What was the sale price of the home?

Answers

Answer:

Step-by-step explanation:

if the realtor received a commission of 17,500 dollars which represent only 7% of the price of the house,

the sale price was

(17,500*100)/0.07=250,000

The pizzas you order for home delivery cost $19. The sales tax is 4.9%. What is the total price for the pizza?

Answers

Answer:

23.9

Step-by-step explanation:

you add the percentage to 19

PLEASE HELP AS SOON AS POSSIBLE

PLEASE HELP AS SOON AS POSSIBLE

Answers

Answer:

B

Step-by-step explanation:

Yes, because for each input there is exactly one output. You can have two of the same x values but you cannot have 2 of the same y values. if you have two of the same y values, it is not a function as it doesn't pass the vertical line test.

Is there a difference between shapes when plotting Uniform acceleration towards (+)directtion,Uniform acceleration towards (-)direction, Uniform deceleration towards (+) direction and Uniform deceleration towards (-) direction in displacement time graph

Answers

Yes, there is a difference in the shapes of the displacement-time graphs for uniform acceleration towards the positive direction, uniform acceleration towards the negative direction, uniform deceleration towards the positive direction, and uniform deceleration towards the negative direction.

Uniform acceleration towards the positive direction:

In this case, the object's velocity increases in the positive direction over time. The displacement-time graph will have a concave-upward shape, forming a curve that starts with a small slope and gradually becomes steeper as time progresses.

Uniform acceleration towards the negative direction:

Here, the object's velocity increases in the negative direction, meaning it accelerates in the opposite direction to its positive direction.

The displacement-time graph will have a concave-downward shape, forming a curve that starts with a steep slope and gradually becomes less steep as time progresses.

Uniform deceleration towards the positive direction:

In this scenario, the object's velocity decreases in the positive direction, but it still moves towards the positive direction.

The displacement-time graph will show a curve with a decreasing slope, forming a concave-downward shape, indicating that the object is slowing down.

Uniform deceleration towards the negative direction:

Here, the object's velocity decreases in the negative direction, opposing its initial direction.

The displacement-time graph will have a curve with a decreasing slope, forming a concave-upward shape, indicating that the object is slowing down but still moving in the negative direction.

In summary, the shapes of the displacement-time graphs differ based on the direction and type of acceleration (positive or negative) and whether the object is undergoing uniform acceleration or uniform deceleration. These differences can be observed through the concavity and slope of the graphs.

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In the currency pair USD/CAN, USD is what currency?

Answers

USD Is United States dollars
So American money

Factor each polynomial

Odds only

Factor each polynomial Odds only

Answers

The solution is: Factorization of the polynomial completely is:

2( x+2) (x-1)

Here, we have,

the given polynomial is:

2x^2 +2x-4

now, we have to factorize it completely.

we have,

2x^2 +2x-4

We can factor out a 2

2(x^2 +x-2)

What numbers multiply to -2 and add to 1

=> 2*(-1) = -2

=> 2+ (-1) = 1

=> 2( x+2) (x-1)

Hence, The solution is: Factorization of the polynomial completely is:

2( x+2) (x-1).

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uhhhhhhhhhhhhhhhhhh help

uhhhhhhhhhhhhhhhhhh help

Answers

Answer:

x = -1/3

Step-by-step explanation:

x -1/3 = -2/3

Add 1/3 to each side

x -1/3  + 1/3= -2/3+ 1/3

x = -1/3

evaulate 9/m + 4 when m = 3

Answers

9/(3) + 4

9/3 + 4

9/3 = 3

3+4= 7

7 is the answer

Determine the equation of the circle with center (0, -2) containing the point
(√12,-5).

Answers

Answer:

i think its

x^2 + (y + 2)^2 = 21.

Step-by-step explanation:

Nancy wants to buy a sweater that is priced at $75. If the store is running a 60% off sale, what will be the
amount of the discount and the sale price of the sweater?

Answers

Answer:

$30.00

Step-by-step explanation:

The original price of the sweater is $75.00.  The new sale price is the original price of  100% less  60% of the original price.  That means the sales price is 40% of the original price.

You can do this 2 ways:

1.  $75 x 60% or .60 = $45

  $75-45 = $30

or

2.  $75 x 40% or .40 = $30

Mrs. fultcher had 1/4 gallon of milk, and she brought 1/2 gallon more. Her family then rank 5/9 gallon of milk. How much milk does Mrs. Fulchter have left?

Answers

The answer is 7/36 Hope this helped!
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