# Question: An investor purchased 100 shares of Fifth Third Bank stock

An investor purchased 100 shares of Fifth Third Bank stock and 100 shares of Santee Electric Cooperative stock. The probability the bank stock will appreciate over a year is .70. The probability the electric utility will increase over the same period is .60. Assume the two events are independent.

a. What is the probability both stocks appreciate during the period?

b. What is the probability the bank stock appreciates but the utility does not?

c. What is the probability at least one of the stocks appreciates?

a. What is the probability both stocks appreciate during the period?

b. What is the probability the bank stock appreciates but the utility does not?

c. What is the probability at least one of the stocks appreciates?

## Answer to relevant Questions

With each purchase of a large pizza at Tony’s Pizza, the customer receives a coupon that can be scratched to see if a prize will be awarded. The probability of winning a free soft drink is 0.10, and the probability of ...Horwege Electronics Inc. purchases TV picture tubes from four different suppliers. Tyson Wholesale supplies 20% of the tubes, Fuji Importers 30%, Kirkpatricks 25%, and Parts Inc. 25%. Tyson Wholesale tends to have the best ...Bank of America customers select their own three-digit personal identification number (PIN) for use at ATMs.a. Think of this as an experiment and list four possible outcomes.b. What is the probability Mr. Jones and Mrs. ...Compute the mean and variance of the following discrete probability distribution.x P(x)0 ....... .21 ....... .42 ....... .33 ....... .1In a binomial situation, n 55 and p 5 .40. Determine the probabilities of the following events using the binomial formula.a. x 5 1b. x 5 2Post your question