# Question: Henry Chow is a stockbroker working for Merrill Lynch He

Henry Chow is a stockbroker working for Merrill Lynch. He knows from past experience that there is a 70% chance that his new client will want to include U.S. equity in her portfolio and a 50% chance that she will want to include foreign equity. There is also a 40% chance that she will want to include both U.S. equity and foreign equity in her portfolio.

a. What is the probability that the client will want to include U.S. equity if she already has foreign equity in her portfolio?

b. What is the probability that the client decides to include neither U.S. equity nor foreign equity in her portfolio?

a. What is the probability that the client will want to include U.S. equity if she already has foreign equity in her portfolio?

b. What is the probability that the client decides to include neither U.S. equity nor foreign equity in her portfolio?

## Relevant Questions

The following frequency distribution shows the ages of India’s 40 richest individuals. One of these individuals is selected at random.a. What is the probability that the individual is between 50 and 60 years of age?b. ...Wooden boxes are commonly used for the packaging and transportation of mangoes. A convenience store in Morganville, New Jersey, regularly buys mangoes from a wholesale dealer. For every shipment, the manager randomly ...Apparently, depression significantly increases the risk of developing dementia later in life (BBC News, July 6, 2010).In a recent study it was reported that 22% of those who had depression went on to develop dementia, ...Consider the following discrete probability distribution.a. Complete the probability distribution.b. Graphically depict the probability distribution and comment on the symmetry of the distribution.c. What is the probability ...Calculate the mean, the variance, and the standard deviation of the following discrete probabilitydistribution.Post your question