# Question: In problem 2 42 suppose that American investment institutions enter this

In problem 2-42, suppose that American investment institutions enter this new market, and that their probabilities for successful instruments are:

Goldman Sachs ...... 70%

Salomon Brothers ..... 82%

Fidelity ......... 80%

Smith Barney ....... 90%

What is the probability that at least one of these four instruments is successful? Assume independence.

Goldman Sachs ...... 70%

Salomon Brothers ..... 82%

Fidelity ......... 80%

Smith Barney ....... 90%

What is the probability that at least one of these four instruments is successful? Assume independence.

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